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State Library 



OF 



MASSACHUSETTS. 



A. 



Return as Soon as Used. 



PUBLIC DOCUMENT . . . . 



. ... No. 9. 



FORTY-SEVENTH ANNUAL REPORT 



OF THE 



Insurance Commissioner 



OF THE 



■ 



- 






Januaey 1, 1902. 



PART I. 
FIRE AND MARINE INSURANCE. 




BOSTON : 

WRIGHT & POTTER PRINTING CO., STATE PRINTERS, 

18 Post Office Square. 

1902. 

6* 



A 



TABLE OF CONTENTS. 



[For Index to Companies, see end of volume.] 



COMMISSIONER'S REPORT. 

PAGE 

Introductory, v 

Companies authorized during 1901, v 

Companies ceasing to do business during 1901, vi 

Who is covered by an Agent's or a Broker's License ? . vii 

Nutting v. Massachusetts, xii 

Limit in a Single Risk, xvii 

Examinations, xvii 

Finances of the Department, xix 

Reports of receivers of insolvent fire companies, xxi 

Comparative tables, xxv 

Massachusetts Mutual Fire Insurance Companies : 

Comparative Table A, xxvii 

Massachusetts Mutual Fire-Marine Insurance Companies : 

Comparative Table B, xxvii 

Massachusetts Joint-Stock Insurance Companies : 

Comparative Table C, xxviii 

Insurance Companies of Other States: 

Comparative Table D, xxix 

United States Branches of Foreign Insurance Companies: 

Comparative Table E, xxx 

Aggregates of all the companies, xxxi 

Massachusetts Business : 

Comparative Table F, xxxii 

Table G. — Fire risks written, premiums received and losses incurred in 

Massachusetts, xxxii 

Statistical tables, xxxiii 



IV TABLE OF CONTENTS. 

Massachusetts Mutual Fire Insurance Companies: page 

Table I. — Risks, assets, liabilities and surplus, xxxiv 

Table II. — Gross cash income and expenditures, premiums, losses and 

expenses, xxxvi 

Massachusetts Mctual Marine Insurance Companies : 

Table III.— Guaranty fund, scrip, risks, assets, liabilities and surplus, . xxxviii 
Table IV. — Gross cash income and expenditures, premiums, losses and 

expenses, xxxviii 

Massachusetts Joint-Stock Insurance Companies: 

Table V. — Cash capital, risks, assets, liabilities and surplus, . . . xxxix 

Table VI. — Risks written, premiums received and losses paid, . xl 

Table VII. — Gross cash income and expenditures, expenses and dividends, xl 

Insurance Companies op Other States: 

Table VIII.— Cash capital, risks, assets, liabilities and surplus, ... xli 

Table IX. — Risks written, premiums received and losses paid, . . xlv 

Table X. — Gross cash income and expenditures, expenses and dividends, 1 

United States Branches : 

Table XI. — Showing deposits, etc., liv 

Table XII. — Income, expenditures, expenses, etc., lvi 

Massachusetts Business in Detail : 

Table XIII. — Risks written, premiums received, losses paid, etc , . . lviii 
Table XIV. — Receipts and expenditures of the insurance department, . lxiv 



DETAILED STATEMENTS. 

Massachusetts mutual fire companies, 1 

Massachusetts mutual marine companies 87 

Massachusetts joint-stock fire and fire-marine companies, 93 

Fire, marine and fire-marine insurance companies of other States, . . . Ill 

United States branches of foreign companies, 413 

Appendix, 507 

Report of State Fire Marshal 511 



Commauixrralfjj of ipassacbitseits. 



Insurance Department, Boston, April 25, 1902. 
To the General Court of Massachusetts. 

The first volume of the forty-seventh annual report of the 
Insurance Commissioner is herewith submitted. As usual, it 
relates to fire and marine insurance companies only, and com- 
prises comments on subjects suggested by the events of the 
year, a brief statement relative to the progress and accounts 
of receivers of insolvent companies, a statement of the year's 
receipts and expenditures of the insurance department, tables 
showing briefly the standing of the companies covered by this 
report, and their detailed statements as provided by law. 

Only 9 fire companies and no marine were admitted to trans- 
act business in Massachusetts during the year 1901. The 
number ceasing to operate here was 18, comprising 17 fire 
companies and 1 marine. The following tables show the 
details : — 



Fire Companies authorized during the Year 1901. 



NAME OF COMPANY. 



Location. 



Date of 
Authority. 



Capital. 



Palatine, 

Colonial,! 

Indianapolis 

Pawtucket Mutual, 
Philadelphia Manufacturers' Mutual, 
Mercantile Mutual, .... 
Central Manufacturers' Mutual, . 

Eagle 

National Union, .... 

* Deposit Capital. 



London, 


Jan. 


23, 


Washington, D. C, . 


Feb. 


6, 


Indianapolis, 


Feb. 


7, 


Pawtucket, . 


Feb. 


26, 


Philadelphia, 


Mar. 


7, 


Providence, . 


Mar. 


11, 


Van Wert, 0., . 


Mar. 


15, 


New York City, . 


May 


22, 


Pittsburg, . . 


Nov. 


6, 



$200,000* 
200,000 
200,000 



300,000 
500,000 



f Chartered in West Virginia. 



VI 



REPORT OF THE 



Fire Companies ceasing to do Business in Massachusetts during 1901. 



NAME OF COMPANY. 



Location. 



Date. 



Capital. 



Remarks. 



Palatine, 



International, . 
PMI'I 

Insurance Company State 
of Pennsylvania. 



Manchester, Eng., 



Jan. 23 



Lancashire, 



United Fire, 



Millers' and Manufact- 
urers'. 



Pacific, 
American, 
Transatlantic, . 

Magdeburg, 

Magdeburg, 

Helvetia Swiss, 

Baloise, 

Lumbermen's, 
Lion, . 



Erie, . 
Netherlands, 



New York, . . Feb. 8 

Philadelphia, . Mar. 19 

Manchester, Eng., Apr. 9 

Baltimore, . . j May 20 

Indianapolis, . May 24 

New York, . . June 11 

New York, . . June 28 

Hamburg, Ger., . July 1 

Magdeburg, Ger., July 17 



New York, . 



St. Gaul, Switzer- 
land. 

Basle, Switzerland, 



Philadelphia, 
London, Eng., 



July 17 

Oct. 31 

Dec. 27 

Dec. 31 
Dec. 31 



Buffalo, . . . June 18 

The Hague, Hoi- Dec. 31 
land. 



$200,000* Succeeded by London Pala- 
tine. 

200,000 Wit 

200,000 License revoked. 



200,000* Reinsured in Hartford and 
withdrew. 

250,000 Reinsured in National and 
withdrew. 

Withdrew. 



200,000 Reinsured in Westchester 
and withdrew. 

3,000 Reinsured in Hartford and 
withdrew. 

200,000* Reinsured in Commercial 
Union Assurance and with- 
drew. 

200,000* Reinsured in Springfield 
Fire and Marine and with- 
drew. 

200,000 Reinsured in Springfield 
Fire and Marine and with- 
drew. 

200,000* Reinsured in Phenix and 
withdrew. 

200,000* Reinsured in Phenix and 
withdrew. 

250,000 Withdrew. 

200,000* Reinsured Massachusetts 
business, except Boston, 
in Hartford and withdrew. 

200,000 Suspended in Mass. 

200,000* Reinsured in National and 
withdrew. 



* Deposit Capital. 

The Union Marine of Liverpool withdrew December 19. 
On Jan. 4, 1902, the Citizens' of Xew York reinsured in the 
Phenix; on January 18, the Eagle in the Xorth British and 
Mercantile ; and on March 3 the Moscow withdrew. The 
Union Mutual of Providence was admitted March 19, and the 
Columbia (marine) on April 15, capital $400,000. 

It will be noted that only three of the companies ceasing to 
do business here during the year had a capital exceeding $200,- 
000, the minumum allowed under the law. But one mutual 



INSURANCE COMMISSIONER. Vll 

withdrew, and that one could hardly be classed as purely 
mutual. Four of those admitted are mutuals and five do busi- 
ness on the stock plan, all with small capitals, save one, which 
has $500,000. These annual tables of admissions and with- 
drawals mark, with quite a degree of accuracy, the fluctuations 
in the ratio of loss to premiums in the general experience of 
the fire insurance companies. If the prospect is favorable on 
account of a small loss ratio for a period long enough to give 
courage to outsiders, there is a stream of applications flowing 
hither ; but when the prosperous wave recedes, there is a 
scramble to get relief, the quickest and surest way being to 
unload upon a stronger company that can stand the shock of 
adversity. This latter movement has been characteristic of 
the business for the past year, and it is as interesting to notice 
the companies that have taken on this new business, in addition 
to their own lines, as to give heed to those that have abandoned 
the field. The Hartford took the risks of three, the Spring- 
field Fire and Marine two, the Phenix of Brooklyn three, the 
National of Connecticut two, besides the business absorbed by 
those which took care of the risks of a single company each. 
The policy holders are to be congratulated that their insurance 
went into such ^ood hands when the original insurers decided 
to retire. 

Who is covered by an Agent's or a Broker's License ? 

There has been some question as to whether an agent's or a 
broker's license protects not merely the person to whom it is 
issued but also his employees. Neither the present commis- 
sioner nor his predecessors have had any doubt in the matter, 
but there have been agents and brokers who have professed to 
believe that by virtue of their licenses they could employ whom 
they pleased and put them into the field as solicitors, the single 
license covering all of them. This view of the matter is coun- 
tenanced by one of the district court judges of the State, who 
discharged a person complained of for soliciting insurance 
without a license, his ground for such discharge being that the 
defendant was protected by the license of his employer. The 
commissioner's opinion to the contrary had been and is ex- 
pressed on each license, in the following words : — 



Till REPORT OF THE 

This license protects only the person or firm named therein. A 
clerk or other employee must have a separate license if he acts for 
his employer in soliciting or negotiating insurance outside the office. 

The commissioner did not feel bound to accept the opinion 
of the honorable judge as establishing the law on the question, 
and soon after addressed the following communication to the 
Attorney-General of the Commonwealth, the person constituted 
by law as the legal adviser of State departments : — 

Boston, April 12, 1901. 
Hon. Hose a M. Knowlton, Attorney-General. 

Dear Sir : — Massachusetts Acts of 1894, chapter 522, section 87, 
provides as follows : — 

\r\j person not a duly licensed insurance broker, who solicits insurance 
on behalf of any insurance company, or transmits for a person other than 
himself an application for or a policy of insurance to or from such com- 
pany, or offers or assumes to act in the negotiation of such insurance, shall 
be deemed an insurance agent within the intent of this act, and shall thereby 
become liable to all the duties, requisitions, liabilities and penalties to which 
an agent of such company is subject. 

Section 98 of the same act has this provision : — 

Any person who shall assume to act as an insurance agent or insurance 
broker without license therefor as herein provided . . . shall be punished 
by a fine of not less than one hundred nor more than five hundred dollars 
for each offence. 

I should like to have an opinion from you upon this question. 
Does the license issued to a person as agent cover his salaried clerk, 
or other employee, when such clerk or employe£ does the acts enu- 
merated in section 87? 

If such clerk or employee may not do all these acts, under all cir- 
cumstances, under cover of his employer's license, what may such 
employed person do and not render himself liable under section 98? 

This department has never had a written opinion bearing directly 
upon this subject. We have, however, two or three opinions given 
by your predecessors on subjects somewhat kindred. Under date of 
May 6, 1874, Charles R. Train, Attorney-General, wrote to this de- 
partment as follows : — 

I am of the opinion that a person w T ho procures a power of attorney from 
another, authorizing him to obtain insurance on the property of the person 
who gives the power of attorney, and who, under and in pursuance of that 
power, does obtain insurance on such property, is so far an insurance agent 



INSURANCE COMMISSIONER. IX 

under Statutes 1864, chapter 114, as to be liable to the penalties imposed 
by the General Statutes, chapter 58, section 77. The fact that he takes a 
power of attorney, authorizing him to do what he does, renders him, under 
the laws, an agent, so far as a penal liability is concerned. The law cannot 
be evaded in this manner. 

Under date of Sept. 30, 1890, A. J. Waterman, Attorney-General 
gave an opinion as follows : — 

In reply to yours of September 13, containing inquiry as to the right of 
the wife of one James M. Dickson to do the business of soliciting insurance 
and insuring under the license of her husband, I have to inform you that, 
in my opinion, she cannot. She cannot be joined in the license with him. 
She may be granted a license for herself as agent or broker. 

Under date of May 24, 1888, he gave the following opinion in re- 
gard to the necessity of a license for an inspector of an insurance 
company : — 

I reply as follows to your communication of the 22d inst., asking if the 
" act making an inspector of a building prior to insurance and which in- 
spection is a necessary preliminary to the effecting of an insurance upon the 
property, brings the person thus acting as an inspector within the provisions 
of section 93 of chapter 214, Acts of 1887." 

The law referred to is very broad, and covers all persons who for com- 
pensation act in any manner in regulating contracts of insurance or reinsur- 
ance, or placing risks or effecting insurance or reinsurance. It is my opinion 
that a person who acts in the capacity named for compensation, and with a 
view of having an insurance contract negotiated on the data furnished by 
such inspection, is within the statute, and should be licensed. 

I will say further that one of my predecessors, as I am told, had a 
conference with an Attorney-General on this subject, and was advised 
that any clerk or employee who acted outside of his employer's office 
in soliciting insurance, or doing the other things that constitute a 
person an agent of an insurance company, would not be protected by 
his employer's license ; while a clerk, or employed person, doing the 
clerical work of an insurance office and waiting on the customers at the 
counter, advising as to rates, delivering policies and receiving pay 
therefor, and perhaps incidentally acting in the negotiation of insur- 
ance, would not need a license, inasmuch as he is acting as eye, ear, 
or hand of his employer, and is not known to the insured in any re- 
sponsible capacity. 

This is the theory upon which the department has acted for many 
years. Of late, however, there has been on the part of a few agents 
a disposition to hold that their salaried employees, put into the field 
to solicit insurance and even to act for them in conducting their busi- 
ness in the absence of the proprietor, do not need a license, but are 



X REPORT OF THE 

amply protected by the one issued to their employer. Hence my 
request for an opinion from you. 

Respectfully yours, Fred'k L. Cutting, 

Insurance Commissioner. 

The reply of the Attorney-General, under date of June 28, 
begins by quoting sections 87 and 98 of the insurance law. 
given in the request of the commissioner for an opinion, and 
then proceeds as follows : — 

The certificate issued under section 91 of the same chapter is per- 
sonal to the licensee, who must be found by the insurance commis- 
sioner to be a "suitable person." The licensee, therefore, may not 
delegate his authority to an unlicensed person, even though he be his 
clerk. 

The distinction between what the employee may do and what he 
may not do is well stated in the opinion given to you, as you inform 
me by your letter, by a former Attorney-General, to wit : " that any 
clerk or employee who acted outside of his employer's office in solicit- 
ing insurance, or doing the other things that constitute a person an 
agent of an insurance company, would not be protected by his em- 
ployer's license ; while a clerk, or employed person, doing the clerical 
work of an insurance office and waiting on the customers at the 
counter, advising as to rates, delivering policies and receiving pay 
therefor and perhaps incidentally acting in the negotiation of insur- 
ance, would not need a license, inasmuch as he is acting as eye, ear, 
or hand of his employer, and is not known to the insured in any 
responsible capacity." 

In other words, under the pretence of being a clerk, he cannot law- 
fully be a solicitor or broker of insurance, excepting so far as such 
work is under the immediate direction of his employer, and is inci- 
dentally a part of his work as clerk. 

Yours very truly, Hosea M. Knowltoh, 

Attorney -General. 

This opinion upholds the views of the present commissioner 
and of his predecessors, and seems to be a necessary interpre- 
tation of the law, unless the policy of the "open door" is to 
be adopted ; and in that case it would be better to amend the 
present statute by legislative enactment, rather than by over- 
throwing its apparent purpose by false reasoning. 

As an example of what has been attempted under the protec- 
tion of a broker's license, it may not be out of place to say 



INSURANCE COMMISSIONER. XI 

that in more than one instance after a license has been issued 
to a veteran, without a fee as the law provides may be done, 
others as partners or employees have attempted to take advan- 
tage of and trade under that license granted as an expression 
of the State's oratitude to one of its defenders. 

Another opinion of the Attorney-General, relative to licenses, 
is of no inconsiderable interest. The question at issue was, 
whether an agent's or a broker's license might be issued to a 
corporation. To that inquiry the Attorney-General made the 
following reply : — 

Commonwealth of Massachusetts, 

Office of the Attorney-General, 
Boston, Oct. 3, 1901. 

Hon. Frederick L. Cutting, Insurance Commissioner. 

Dear Sir: — Sts. 1894, c. 522, § 93, cl. 2, provides as follows: — 

The insurance commissioner may, upon the payment of a fee of ten dol- 
lars, issue to any person a certificate of authority to act as an insurance 
broker to negotiate contracts of insurance or reinsurance or place risks or 
effect insurance or reinsurance with any qualified domestic insurance com- 
pany or its agents, and with the authorized agents in the Commonwealth of 
any foreign insurance company duly admitted to do business in the Com- 
monwealth. 

By Sts. 1895, c. 59, § 2, the section above quoted was amended by 
inserting the word ''suitable," so that the commissioner was author- 
ized to " issue to any suitable person" a license as insurance broker. 

By Sts. 1896 it was provided that such licenses should be limited 
to the residents of the Commonwealth, 6r to residents of other States 
who granted like certificates to residents of this State. 

Notwithstanding the able and ingenious brief for the attorney for 
the corporation petitioning for a license as an insurance broker, I am 
of opinion that under this statute the Insurance Commissioner is not 
authorized to issue a license as an insurance broker to a corporation 
organized under the laws of the State of Maine, doing business in this 
Commonwealth. There are many expressions throughout the insur- 
ance statutes which appear to me to show that the Legislature in- 
tended a personal license. Among the most conclusive is section 
112, which provides that a licensed insurance broker who does certain 
things " shall be deemed guilty of simple larceny." If I understand 
the meaning of the word " larceny," it is not possible for a corpora- 
tion, as such, to be guilty of that crime. Obviously if this be so, the 
Legislature had in mind natural persons only as licensed brokers. 

I have not overlooked the fact that it was held by the Supreme 
Judicial Court, in Enterprise Brewing Co. v. Grime, 173 Mass. 252, 



Xll REPORT OF THE 

that a corporation may be licensed to sell intoxicating liquor. The 
determination of that case, however, was based chiefly upon the pro- 
visions of the statute under which such licenses are granted ; and the 
reasoning of the opinion does not apply to the statute now under con- 
sideration. 

Yours very truly, Hosea M. Knowlton, 

Attorney -General. 

Nutting v. Massachusetts. 

In the forty-fifth report of the Insurance Commissioner there 
was given at length the important opinion of the Massachusetts 
Supreme Court in the case of Commonwealth v. Nutting. The 
case went to the Supreme Court of the United States on ap- 
peal, was argued in November, 1901, and decided Jan. 13, 
1902. The following, from the United States Reports, Volume 
183, Part 3, is a statement of the case, followed by the opinion 
of the court, which upholds the views of the Massachuse 
court, and establishes the right of the State to enact laws pro- 
hibiting the transaction of insurance business by unauthorized 
companies with residents of Massachusetts through a third 
party as agent : — 

The statute of Massachusetts of 1894, c. 522, § 98, imposing a 
fine on " any person who shall act in any manner in the negotiation 
or transaction of unlawful insurance with a foreign insurance com- 
pany not admitted to do business in this Commonwealth," is not 
contrary to the Constitution -of the United States, as applied to an 
insurance broker who, in Massachusetts, solicits from a resident 
thereof the business of procuring insurance on his vessel therein, 
and, as agent of a firm in New York, having an office in Massachu- 
setts, secures the authority of such resident to^the placing of a con- 
tract of insurance for a certain sum in pounds sterling upon the 
vessel, and transmits an order for that insurance to the New York 
firm ; whereupon that firm, acting according to the usual course of 
business of the broker, of itself, and of its agents in Liverpool, ob- 
tains from an insurance company in London, which has not been 
admitted to do business in Massachusetts, a policy of insurance for 
that sum upon the vessel ; and the broker afterwards, in Massachu- 
setts, receives that policy from the New York firm, and sends it by 
mail to the owner of the vessel in Massachusetts. 

This was an indictment on the statute of Massachusetts of 1894, 
c. 522, § 98, for negotiating and transacting unlawful insurance with 



INSURANCE COMMISSIONER. Xlll 

a foreign insurance company not admitted to do business in Massa- 
chusetts. 

Section 98 of that act is as follows: "Any person who shall 
assume to act as an insurance agent or insurance broker without 
license therefor as herein provided, or who shall act in any manner in 
the negotiation or transaction of unlawful insurance with a foreign 
insurance company not admitted to do business in this Common- 
wealth, or who as principal or agent shall violate any provision of 
this act in regard to the negotiation or effecting of contracts of in- 
surance, shall be punished by fine of not less than one hundred nor 
more than five hundred dollars for each offence." 

The act, in section 3, provides that "it shall be unlawful for any 
company to make any contract of insurance upon or concerning any 
property or interests or lives in this Commonwealth, or with any resi- 
dent thereof, or for any person as insurance agent or insurance broker 
to make, negotiate, solicit or in any manner aid in the transaction of 
such insurance, unless and except as authorized under the provisions 
of this act ; " and that " all contracts of insurance on property, lives 
or interests in this Commonwealth shall be deemed to be made therein." 
And in sections 77-82 it prescribes the conditions with which foreign 
insurance companies must comply before they can do business in Mas- 
sachusetts, requiring each company, among other things, to appoint 
the Insurance Commissioner its attorney, upon whom process in any 
suit against it may be served ; to appoint some resident of Massachu- 
setts as its agent ; to obtain from the Insurance Commissioner a cer- 
tificate that it has complied with the laws of Massachusetts and is 
authorized to make contracts of insurance ; and, if incorporated or 
associated under the laws of any government other than the United 
States or one of the States, to deposit with the Treasurer of Massa- 
chusetts or the financial officer of some other State a sum equal to the 
capital required of like companies, to be held in trust for the benefit 
of all the company's policy holders and creditors in the United States. 

At the trial in the Superior Court the parties agreed upon the fol- 
lowing facts : The defendant was a citizen of Massachusetts and a 
licensed insurance broker in Boston, and at some time prior to Nov. 
18, 1898, solicited from one William McKie, a shipbuilder in Boston, 
and likewise a citizen of Massachusetts, the business of procuring 
insurance upon a vessel then in process of construction in his Boston 
shipyard; and, as agent for Johnson & Higgins, average adjusters 
and insurance brokers, having an office in Boston in charge of the 
defendant, and their principal place of business in New York, secured 
the authorit}' of McKie to the placing of a contract of insurance for 
4,124 pounds sterling upon the vessel. Thereupon the defendant 



XIV REPORT OF THE 

transmitted an order for the insurance to Johnson & Higgins in New 
York, and they at once wrote to their Liverpool agents, John D- 
Tyson & Co., to procure the aforesaid insurance. Accordingly, 
Tyson & Co. procured a policy from the London Lloyds, to be 
delivered to Tyson & Co. in Liverpool, dated Nov. 18, 1898, for 
a year from Nov. 16, 1898, on the aforesaid vessel, for the sum of 
4,124 pounds sterling, the policy running in favor of Johnson & 
Higgins, "on account of whom it may concern, as well as in their 
own name as for and in the name and names of all and every other 
person or persons to whom the same doth, may or shall appertain." 
Tyson & Co., at the time of receiving the policy, paid the premiums 
thereon for account of Johnson & Higgins, and received a commis- 
sion upon the insurance from Lloyds for themselves and for Johnson 
& Higgins. Tyson & Co. sent the policy to Johnson & Higgins in 
New York ; they, after endorsing it, forwarded it by mail to the de- 
fendant in Boston; and he, on Nov. 18, 1898, sent it by mail to 
McKie. The policy was procured from the London Lloyds in the 
usual course of the business of the defendant, of Johnson & Higgins 
and of Tyson & Co. None of them were agents of the London 
Lloyds, except in so far as the facts agreed constituted them agents. 
The London Lloyds were individual insurers, citizens of England, 
associated as principals in the business of insurance, under and by 
authority of the government of the United Kingdom of Great Britain 
and Ireland, and carrying on the business in England on the Lloyds' 
plan, by which each associate underwriter becomes liable for a pro- 
portionate part of the whole amount insured by a policy. The London 
Lloyds had not complied with any of the requirements imposed by the 
laws of Massachusetts upon foreign insurance companies, and had 
not been admitted to do insurance business in the Commonwealth, 
according to law. 

The defendant requested the court to instruct the jury that so much 
of the Massachusetts statute as purported to make illegal such acts 
as were done by the defendant was contrary to the Fourteenth 
Amendment of the Constitution of the United States, and as such 
was unconstitutional and void. The request was refused ; and the 
court instructed the jury that upon the facts above stated they would 
be warranted in finding the defendant guilty. To all of this the 
defendant duly excepted, and, being found guilty, his exceptions 
were overruled by the Supreme Judicial Court of Massachusetts (175 
Mass. 154). He was thereupon sentenced in the Superior Court, 
and sued out this writ of error ; 

Mr. J. Hubley Ashton for plaintiff in error ; Mr. H. M. Knowlton 
for defendant in error. 



INSURANCE COMMISSIONER. XV 

Mr. Justice Gray, after stating the case as above, delivered the 
opinion of the court. 

A State has the undoubted power to prohibit foreign insurance 
companies from making contracts of insurance, marine or other, 
within its limits, except upon such conditions as the State may pre- 
scribe, not interfering with interstate commerce. A contract of 
marine insurance is not an instrumentality of commerce, but a mere 
incident of commercial intercourse. The State, having the power to 
impose conditions on the transaction of business by foreign insurance 
companies within its limits, has the equal right to prohibit the trans- 
action of such business by agents of such companies, or by insurance 
brokers, who are to some extent the representatives of both parties. 
(Hooper v. California, 155 U. S. 648 ; Allgeyer v. Louisiana, 165 
U. S. 578.) 

The statute of Massachusetts of 1894, c. 522, on which this indict- 
ment is founded, besides requiring foreign insurance companies, as 
conditions precedent to doing business in the State, to appoint agents 
within the State, and to deposit a certain sum in trust for their policy 
holders and creditors, provides, in section 3, that "it shall be unlaw- 
ful" "for any person as insurance agent or insurance broker to 
make, negotiate, solicit or in any manner aid in the transaction of" 
insurance on or concerning any property, interest or lives in Massa- 
chusetts, except as authorized by the act ; and, in section 98, that 
any person " who shall act in any manner in the negotiation or trans- 
action of unlawful insurance " (evidently intending insurance declared 
unlawful by section 3) "with a foreign insurance company not 
admitted to do business in this Commonwealth," shall be punished 
by fine. 

The acts of negotiation or transaction by the defendant in Massa- 
chusetts, admitted in the facts agreed by the parties, are that he 
solicited from McKie the business of procuring insurance upon his 
vessel in Boston, and, as agent of Johnson & Higgins of New York, 
having an office in Boston, secured the authority of McKie to the 
placing of a contract of insurance for a certain sum in pounds sterling 
upon the vessel, and transmitted an order for that insurance to John- 
son & Higgins in New York ; whereupon they, acting according to the 
usual course of Business of the defendant, of themselves and of their 
agents in Liverpool, obtained from the London Lloyds, who had not 
been admitted to do business in Massachusetts, a policy of insurance 
for that amount on the vessel ; and the defendant afterwards, in 
Massachusetts, received from Johnson & Higgins that policy, and 
sent it by mail to McKie, which tends to show that the policy obtained 
from the foreign insurance company was the insurance which he had 



XVI REPORT OF THE 

originally solicited. These facts clearly convict the defendant of 
negotiating and transacting in Massachusetts unlawful insurance with 
a foreign insurance company in violation of the statute, if that statute 
is constitutional. 

In Hooper v. California, 155 U. S. 648, Hooper, the agent in Cali- 
fornia of the same Johnson & Higgins of New York, obtained from 
them a policy of marine insurance of a Massachusetts insurance 
company on a vessel in California, owned by a citizen of California, 
to whom he delivered the policy in California. It was held that a 
statute of California, by which Hooper was guilty of procuring insur- 
ance for a resident of California from a foreign insurance company 
which had not given bond as required by the laws of California, u 
constitutional. 

In Allgeyer v. Louisiana, 165 U. S. 578, the insurance was not 
obtained through an agent or broker, but by the assured himself ; and 
the point decided was that a statute of a State punishing the owner 
of property for obtaining insurance thereon in another State was 
unconstitutional. In that case the decision in Hooper's case was 
expressly recognized and distinguished ; and Mr. Justice Peckham, 
speaking for the court, and repeating the words of Mr. Justice White 
in Hooper's case, observed: "It is said that the right of a citizen 
to contract for insurance for himself is guaranteed by the Fourteenth 
Amendment, and that, therefore, he cannot be deprived by the State 
of the capacity to so contract through an agent. The Fourteenth 
Amendment, however, does not guarantee the citizen the right to 
make within his State, either directly or indirectly, a contract, the 
making whereof is constitutionally forbidden by the State. The 
proposition that, because a citizen might make such a contract for 
himself beyond the confines of his State, therefore he might authorize 
an agent to violate in his behalf the laws of his State within her own 
limits, involves a clear non sequitur, and ignores the vital distinction 
between acts done beyond a State's jurisdiction." (155 U. S. 658, 
659; 165 U. S. 587, 588.) 

As was well said by the Supreme Judicial Court of Massachusetts, 
" While the Legislature cannot impair the freedom of McKie to elect 
with whom he will contract, it can prevent the foreign insurers from 
sheltering themselves under his freedom in order to solicit contracts 
which otherwise he would not have thought of making. It may pro- 
hibit not only agents of the insurers, but also brokers, from soliciting 
or intermeddling in such insurance, and for the same reasons " (175 
Mass. 156). " 

We are of opinion that the case at bar comes within Hooper v. 
California, and not within Allgeyer v. Louisiana ; and that section 
98 of the statute of Massachusetts, under which the plaintiff in error 



INSURANCE COMMISSIONER. XV11 

has been convicted, is not contrary to the Constitution of the United 
States. 

The effect of the other provision of the Massachusetts statute, 
declaring that " all contracts of insurance on property, lives or 
interests in this Commonwealth shall be deemed to be made therein," 
need not be considered ; because the defendant has been convicted, 
not of the making of the contract, but of negotiating and transacting 
that contract in Massachusetts. 

Judgment affirmed. 

Limit in a Single Kisk. 

A fire insurance company may not insure in a single risk an 
amount in excess of 10 per cent, of its net assets. The question 
has been raised whether this means that the company may not 
retain in a single risk an amount in excess of one-tenth of its 
net assets, or that a company may not cover anything in excess 
of that limit, no matter whether it secures itself by reinsurance 
or not. Twice has this question been formally answered by 
the legal department of the Commonwealth, first by Attorney- 
General Pillsbury in 1891, and again by Attorney-General 
Knowlton in 1899. Both opinions agree that reinsurance does 
not count in ascertaining the largest amount in a single risk. 

Fortified by these opinions, when the statement of the Nether- 
lands covering the business of the year 1900 showed that it had 
insured in a single hazard an amount largely in excess of what 
the law allows, the facts were reported to the Attorney-General, 
and a request made that the penalty be imposed. After con- 
siderable correspondence with the attorney for the company, 
the case went to the Supreme Court on an agreed statement of 
facts, where it was referred to the full bench by Judge Morton. 
Without doubt an opinion will be given within a short time 
which will settle the vexed question. 

Examinations. 

The following is a list of the domestic fire insurance com- 
panies which were examined by the department during the year 
1901, under the provision of the law that requires that each 
Massachusetts company be visited and examined by the Insur- 
ance Commissioner, or some one representing him, as often as 
once in three years : — 



XV111 



REPORT OF THE 



NAME OF COMPANY. 



When 
previouely ex- 
amined. 



Saugus Mutual, .... * December, 1898. 

Berkshire Mutual, October, 1898. 

Groveland Mutual, December, 1898. 

India Mutual, September, 1898. 

Dorchester Mutual, September, 1898. 

Salem Mutual December, 1898. 

Merrimack Mutual December, 1898. 

Dedham Mutual, December, 1898. 

Norfolk Mutual, December, 1898. 

Cambridge Mutual December, 1898. 

Mercantile Fire and Marine September, 1899. 

Barnstable County Mutual August, 1898. 

Newburyport Mutual October, 1898. 



Salisbury and Amesbury Mutual, 
Springfield Fire and Marine, . 
Mutual Fire Assurance, . 



December, 1898. 
October, 1898. 
October, 1898. 



Aside from these companies, the examinations of the year 
included also the Berkshire Life Insurance Company ; the John 
Hancock Mutual Life Insurance Company ; the Supreme Coun- 
cil of the Royal Arcanum, at its request, as provided in the 
fraternal law ; the Gloucester Mutual Fishing ; the Mutual 
Boiler Insurance Company; and the Masons' Fraternal Ac- 
cident Association, — all domestic companies. Two outside 
companies also were examined, viz., the Colonial Fire of 
Washington, D. C, which had applied for admission; and the 
Frankfort Marine, Accident and Plate Glass Insurance Com- 
pany of Germany, whose main office in this country is in New 
York city. Both of these examinations were undertaken for 
the reason that there was no alternative : in the case of the 
Colonial there was then no insurance department in the District 
of Columbia to undertake the examination, and in case of the 
Frankfort it was not admitted to the State where it had its 
principal office. At no time during the year has the depart- 
ment made an examination of a company of another State where 
that State had an insurance department to undertake the task. 



insurance commissioner. xix 

Finances of the Department. 

The receipts of the insurance department for the year 1901 
were the largest in its history, amounting to $88,397.25, against 
$84,111.47 for 1900, which, up to that time, represented the 
maximum amount of yearly revenues. As the total expendi- 
tures on account of the department for the past year were 
$42,612.55, a surplus accrued to the Commonwealth of $45,- 
517.70. It thus appears that the department receipts were 
more than twice as large as the total cost of its maintenance. 
The enactment of chapter 106 by the present General Court 
will reduce the income somewhat in the future, since no fees 
will be charged life companies of other States doing business 
in Massachusetts for valuing their policies, except that when 
any other State charges Massachusetts companies for valuing 
their policies, this department, under the operation of the re- 
taliatory law which is still in force, will charge the same fees 
to life companies of that State, if any there be, doing business 
in Massachusetts. This remission of fees will reduce the 
receipts of the department by about $12,000 annually, but it 
will still net a very substantial surplus to the Commonwealth. 

Respectfully submitted, 

FRED'K L. CUTTING, 

Insurance Commissioner. 



RECEIVERS' REPORTS. 



REPORTS OF RECEIVERS OF INSOLVENT FIRE 

COMPANIES. 



Firemen's Fire Insurance Company. — The International 
Trust Company of Boston, receiver; appointed July 6, 1900. 
At the beginning of the year 1901 it had a balance on hand of 
$401,326.15; the receipts during the year have amounted to 
$68.19, and there have been no disbursements, leaving a bal- 
ance on hand Dec. 31, 1901, of $401,394.34. 

Eastern Mutual Fire. — Fred H. Kidder, receiver, 82 
Devonshire Street, Boston; appointed Feb. 2, 1897. The 
receiver started the year 1901 with a balance of $480.19 on 
hand, and collected during the year $1,500; he disbursed 
$1,180.47, leaving a balance at the close of the year of $799.72. 

Suffolk Mutual Fire. — James C. Davis, receiver, 65 Mason 
building, Boston; appointed March 22, 1895. The receiver 
began the year 1901 with a balance on hand of $73.43, and 
there was no substantial change. He expects to go to the 
court for authority to turn this amount over to the Treasurer 
of the Commonwealth, as provided by law. 

Commonwealth Mutual Fire. — William B. Stevens, re- 
ceiver, 209 Washington Street, Boston ; appointed May 28, 
1895. The receiver reports cash on hand Dec. 31, 1901, 
$4,079.23. He has paid all claims on account of fire losses in 
full, and as soon as a few minor details are disposed of, which 
will be in the near future, the affairs of the receivership will be 
closed. The administration of the affairs of the company by 
the receiver involved the bringing of several hundred suits for 
assessments in a large number of States, in several of which 
the legality of such assessments was fought through the higher 
courts, with a uniform record of final judgment for the receiver 
on the law questions involved. 

Melrose Mutual Fire. — Alpheus Sanford, receiver, Mason 
Building, Boston; appointed Nov. 26, 1895. No statement 
has been furnished by the receiver covering his transactions 
during 1901. 



COMPARATIVE TABLES. 



Comparative Table A. — Massachusetts Mutual Fire Insurance 

Companies. 





190©. # 


1901. • 


Increase or 
Decrease in 1901. 


Assets (including contingent), 


$37,892,734 


$38,800,559 


$907,825 


Liabilities, .... 


5,560,649 


5,653,888 


93,239 


Cash surplus, . 




6,078,221 


6,190,800 


112,579 


Income, 




6,150,865 


6,267,068 


116,203 


Expenditures, . 




5,843,328 


6,077,746 


234,418 


Risks written, . 




629,380,446 


643,892,267 


14,511,821 


Net premiums received, 




5,654,423 


5,772,916 


118,493 


Risks outstanding, . 




946,323,400 


954,026,899 


7,703,499 


Losses paid, 




1,131,494 


1,072,837 


— 58,657 


Losses incurred, 




1,119,595 


1,194,226 


74,631 


Assessments collected, 




6,140 


12,091 


5,951 


Profits returned, 




3,774,013 


4,080,642 


306,629 


Expenses, . 




879,607 


901,759 


22,152 



* Forty-five companies. 

Comparative Table B. — Massachusetts Mutual Fire-Marine 

Insurance Companies. 





1900.* 


1901.* 


Increase or 
Decrease in 1901. 


* 

Assets, 


$507,289 


$565,999 


$58,710 


Liabilities, . . . . 


233,823 


241,415 


7,592 


Surplus, 


273,466 


324,584 


51,118 


Income, 


459,083 


475,190 


16,107 


Expenditures, .... 


385,644 


413,726 


28,082 


Risks written, .... 


40,251,098 


39,102,912 


— 1,148,186 


Net premiums received, . 


404,689 


462,641 


57,952 


Losses paid, .... 


302,875 


312,439 


9,564 


Losses incurred, 


208,726 


264,313 


55,587 


Risks outstanding, . 


14,535,751 


17,071,214 


2,535,463 


Expenses, 


81,323 


82,139 


816 


Scrip dividends declared, 


- 


- 


- 


Scrip redeemed, 


- 


- 


- 


Scrip outstanding, . 


656,561 


656,561 


- 


* 


rwo companies. 







XXV111 



REPORT OF THE 



Comparative Table C. — Massachusetts Joint- Stock Insurance 

Companies. 





1900.* 


1901.* 


Increase or 
Decrease in 1901. 


Cash capital 


$3,400,000 


13,900,000 


1500,000 


Assets, 


10,086,004 


11,271,010 


1,185,006 


Liabilities, .... 


3,238,640 


4,126,533 


887,893 


Surplus, .... 


6,847,364 


7,144,477 


297,113 


Income, .... 


4,335,054 


5,509,390 


1,174,336 


Expenditures, 


4,065,237 


. 4,878,711 


813,474 


Fire risks written, 


393,327,892 


496,093,445 


102,765,553 


Fire premiums received (net), 


3,096,188 


4,074,427 


978,239 


Marine risks written, . 


163,376,424 


162,851,627 


— 524,797 


Marine premiums rec'd (net), 


877,654 


983,778 


106,124 


Fire losses paid, . 


1,892,827 


2,231,926 


339,099 


Marine losses paid, 


379,047 


450,315 


71,268 


Fire losses incurred, 


1,988,761 


2,483,632 


494,871 


Marine losses incurred, 


461,716 


563,036 


101,320 


Fire risks outstanding, . 


465,225,636 


565,140,799 


99,915,163 


Marine risks outstanding, ' . 


6,208,071 


6,329,403 


121,332 


Expenses, .... 


1,488,520 


1,877,025 


388,505 


Cash dividends declared, 


263,000 


319,000 


56,000 



* Five companies. 



INSURANCE COMMISSIONER. 



XXIX 



Comparative Table D. — Fire and Marine Insurance Companies 

of Other States. 





1900.* 


1901. t 


Increase or 
Decrease in 1901, 


Cash capita], .... 


$ 49,1 02,875 


$48,102,875 


—$1,000,000 


Assets, 


230,771,689 


243,309,903 


12,538,214 


Liabilities, . . 


101,917,870 


113,880,412 


11,962,542 


Surplus, .... 


128,853,819 


129,429,491 


575,672 


Income, 


108,445,275 


124,886,530 


16,441,255 


Expenditures, 


105,985,295 


116,136,114 


10,150,819 


Fire risks written, 


12,182,519,749 


13,529,866,059 


1,347,346,310 


Fire premiums received (net), 


91,758,238 


107,314,402 


15,556,164 


Marine risks written, . 


1,981,774,948 


2,031,338,525 


49,563,577 


Marine premiums recM (net), 


7,355,927 


8,017,772 


661,845 


Fire losses paid, . 


54,526,500 


59,334,621 


4,808,121 


Marine losses paid, 


4,094,600 


4,254,931 


160,331 


Fire losses incurred, 


54,601,678 


61,217,722 


6,616,044 


Marine losses incurred, 


5,447,074 


3,388,534 


—2,058,540 


Fire risks outstanding, . 


15,180,765,417 


16,248,106,443 


1,067,341,026 


Marine risks outstanding, 


216,846,120 


217,273,166 


427,046 


Expenses, .... 


36,857,621 


41,561,152 


4,703,531 


Cash dividends declared, 


5,521,746 


5,895,086 


373,340 



* One hundred and seventeen companies, 
t One hundred and sixteen companies. 



XXX 



REPORT OF THE 



Comparative Table E. — United States Branches of Foreign 

Companies. 





1900.* 


1901. + 


Increase or 
Decrease in 1901. 


Deposit capital, 


$10,100,000 


?8,600,000 


— $1,500,000 


Assets in United States, 


71,026,504 


70,414,468 


—612,036 


Liabilities in United States, . 


43,225,538 


40,'130,708 


—3,094,830 


Surplus, .... 


27,800,966 


30,283,760 


2,482,794 


Income, 


54,285,354 


55,582,824 


1,297,470 


Expenditures, 


51,627,328 


51,639,309 


11,981 


Fire risks written, 


6,777,826,433 


6,920,138,353 


142,311,920 


Fire premiums received (net), 


47,481,575 


50,655,244 


3,173,669 


Marine risks written, . 


2,089,243,992 


2,192,000,014 


102,756,022 


Marine premiums rec'd (net), 


4,398,109 


2,554,582 


—1,843,527 


Fire losses paid, . 


31,145,912 


31,657,774 


511,862 


Marine losses paid, 


2,010,683 


1,599,368 


—411,315 


Fire losses incurred, 


31,074,738 


32,387,850 


1,313,112 


Marine losses incurred, 


2,192,359 


1,762,919 


—429,440 


Fire risks outstanding, . 


7,266,673,657 


6,994,012,615 


—272,661,042 


Marine risks outstanding, 


107,655,245 


63,852,075 


—43,803,170 


Expenses, .... 


18,457,713 


18,350,864 


—106,849 



* Forty-seven companies, 
t Forty companies. 



INSURANCE COMMISSIONER. 



XXXI 



Aggregates of All the Companies. 





1900. 


1901. 


Increase or 
Decrease in 1901. 


Cash capital, .... 


$62,602,875 


$60,602,875 


—$2,000,000 


Assets (including contingent 

of mutual companies), 
Liabilities, .... 


350,284,220 
154,176,520 


364,361,939 
164,032,956 


14,077,719 
9,856,436 


Surplus, 


152,929,942 


173,373,112 


20,443,170 


Income, 


173,675,631 


192,721,002 


19,045,371 


Expenditures, 


167,906,832 


179,145,606 


11,238,774 


Fire risks written, . 


19,989,698,570 


21,597,903,826 


1,608,205,256 


Fire premiums rec'd (net), . 


148,043,007 


167,889,025 


19,846,018 


Marine risks written, . 


4,268,502,412 


4,417,379,376 


148,876,964 


Marine premiums re'd (net), 


13,032,931 


11,946,737 


—1,086,194 


Fire losses paid, . 


88,730,129 


94,338,215 


5,608,086 


Marine losses paid, 


6,753,809 


6,575,996 


—177,813 


Fire losses incurred. 


88,820,641 


97,327,843 


8,507,202 


Marine losses incurred, 


8,274,006 


5,934,389 


—2,339,617 


Fire risks outstanding, . 


23,864,866,363 


24,768,578,403 


903,712,040 


Marine risks outstanding, 


339,366,934 


297,234,211 


—42,132,723 


Expenses, .... 


57,764,784 


62,772,939 


5,008,155 


Cash dividends declared, 


5,784,746 


6,214,086 


429,340 



XXX11 



REPORT OF THE INSURANCE COMMISSION KK. 



Comparative Table F. — Massachusetts Business.* 









Increase or 




1900. 


1901. 


Decrease in 1901. 


Fire risks written, 


$1,273,859,676 


$1,361,780,214 


$87,920,538 


Fire premiums received, 


12,319,785 


12,774,934 


455,149 


Fire losses paid, . 


4,881,324 


4,824,536 


—56,788 


Fire losses incurred, 


4,951,240 


4,861,515 


—89,725 


Marine risks written, . 


458,729,473 


470,807,590 


12,078,117 


Marine premiums received, . 


1,964,000 


1,831,940 


—132,060 


Marine losses paid, 


1,007,916 


754,712 


—253,204 


Marine losses incurred, 


837,924 


752,520 


—85,404 



* For details of this business see Table XIII. 



Table G. — Fire Risks written, Premiums received and Losses 
incurred in Massachusetts. 





. 


Premiums 




YEAR. 


Fire Risks Written. 


Received. 


Losses Incurred. 


1878, 


$558,019,711 


$5,506,392 


$2,438,121 


1879, 












520,814,369 


5,026,482 


2,500,451 


1880, 












609,132,542 


5,479,552 


3,005,273 


1881, 












642,542,633 


5,845,354 


2,884,047 


1882, 












686,030,272 


6,244,053 


4,915,949 


1883, 












710,197,514 


6,896,367 


3,763,949 


1884, 












655,613,160 


7,067.149 


3,865,956 


1885, 












661,380,951 


7,402,583 


3,132,235 


1886, 












694,473,662 


7,838,425 


3,369,294 


1887, 












765,304,046 


8,371,714 


3,136,774 


1888, 












832,038,483 


8,702,006 


4,444,322 


1889, 












825,962,689 


8,601,963 


9,284,464 


1890, 












871,117,341 


9,039,865 


3,798,502 


1891, 












863,343,089 


8,719,803 


5,104,694 


1892, 










960,872,674 


10,006,986 


4,140,396 


1893, 










1,030,196,564 


10,727,167 


8,329,015 


1894, 










986,624,142 


10,518,365 


5,182,490 


1895, 










1,020,680,686 


11,032,012 


4,029,954 


1896, 










1,063,078,568 


11,248,934 


4,801,014 


1897, 










1,161,264,907 


11,999,382 


3,785,399 


1898, 












1,147,230,625 


11,371,974 


5,664,369 


1899, 












1,188,040,192 


11,457,578 


5,715,845 


1900, 












1,273,859,676 


12,319,785 


4,951,240 


1901, 










1,361,780,214 


12,774,934 


4,861,515 


Tota 


Is, 










$21,089,598,710 


$214,198,825 


$107,105,268 



STATISTICAL TABLES. 



XXXIV 



REPORT OF THE 



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xl 



REPORT OF THE 



Table VI. — Massachusetts Joint-Stock Insurance Compan 

Fire Business. 



NAME OF COMPANY. 









Ratio of 


Risks 


Premiums 


Losses 


Loss to Pre- 


Written. 


Received. 


Paid. 


miums Re- 
ceived. 


$37,670,375 


$298,264 


$140,520 


47.10 


80,651,759 


543,685 


380,665 


70.02 


44,107,447 


220,166 


125,334 


56.90 


20,083,192 


90,234 


95,227 


105.53 


313,578,672 


2,922,078 


1,490,180 


50.99 



American, .... 
Boston, .... 
Mercantile Fire and Marine, 



North American, 
it ^ 
Springfield Fire and Marine, 







$2,231,926 


54.79 


Marine Business. 






$450,315 


45.77 



Table VII. — Massachusetts Joint-Stock Insurance Companies. 



NAME OF COMPANY. 


Gross Cash 
Income. 


Ratio of 

Gross 

Cash Ex- i Expenses.* , _ 

Premiums 
penditures. _, 

Received. 


Cash 
Dividends 
Declared. 


American, 

Boston, .... 

Mercantile Fire and 

Marine. 
North American, 

Springfield Fire and 
Marine. 


$319,831 

1,725,085 

240,604 

107,922 

3,115,948 


$283,632 

1,456,601 

257,578 

146,159 

2,734,741 


$125,112 

495,304 

116,244 

45,804 

1,094,561 


41.94 
32.43 
52.-- 
50.76 
37.47 


$18,000 

130,000 

16,000 

5,000 

150,000 


Totals, 


$5,509,390 


$4,878,711 


$1,877,025 


37.11 $319,000 



* Excluding losses, dividends, return premiums and drawbacks and premiums on reinsurance. 



INSURANCE COMMISSIONER. 



xli 



Table VIII. — Insurance Companies of Other States. 



NAME OF COMPANY. 


Cash 
Capital. 


Amount at 

Risk 

Dec. 31,1901.* 


Gross 
Assets. 


Gross 
Liabilities. 


Surplus as 

regards 

Policy Hold- 

ers Dec 31, 

1901. 


./Etna 


$4,000,000 


$578,734,131 


$13,7t9,512 


$4,212,340 


$9,557,172 


Agricultural, 


500,000 


214,701,700 


2,337,159 


1,133,917 


1,203,242 


Albany, .... 


250,000 


18,742,376 


518,286 


105,907 


412,379 


American (Newark), . 


600,000 


281,293,160 


3,891,138 


1,639,165 


2,251,973 


American Central, 


1,000,000 


141,472,975 


3,142,083 


950,422 


2,191,661 


American Fire (Phila.), . 


500,000 


188,063,693 


2,303,387 


1,722,173 


581,214 


American Lloyds, 


- 


23,284,894 


582,537 


169,020 


413,517 


American Mutual (Prov.),. 


- 


20,220,961 


240,076 


85,605 


154,471 


Assurance Co. of America, 


200,000 


36,878,839 


588,344 


300,033 


288,311 


Atlantic Mutual, . 


- 


150,805,410 


10,972,349 


2,612,512t 


8,359,837 


Blackstone Mutual, 


- 


50,627,808 


588,331 


207,522 


380,809 


British American, 


200,000 


17,227,465 


342,378 


118,572 


223,806 


Buffalo Commercial, . 


200,000 


20,066,226 


358,884 


136,394 


222,490 


Buffalo German, 


200,000 


73,360,279 


2,058,460 


434,115 


1,624,345 


Caledonian- American, 


200,000 


2,158,451 


314,843 


32,767 


282,076 


Camden Fire, 


200,000 


27,374,207 


600,298 


222,226 


378,072 


Capital Fire, 


200,000 


24,562,183 


407,134 


174,315 


232,819 


Central Manufacturers', 


- 


4,977,518 


113,698 


65,433 


48,265 


Citizens' (St. Louis), . 


200,000 


23,446,418 


539,042 


254,007 


285,035 


Colonial Assurance, . 


200,000 


30,093,478 


545,154 


300,419 


244,735 


Colonial (Washington), 


200,000 


6,806,224 


262,438 


60,558 


201,880 


Commerce 


200,000 


19,073,072 


420,994 


129,442 


291,552 


Commercial Union, . 


200,000 


15,338,657 


351,676 


116,595 


235,081 


Commonwealth, . 


500,000 


29,056,271 


1,016,861 


217.888J 


798,973 


Concordia, .... 


200,000 


101,907,727 


928,975 


652,191 


276,784 


Connecticut Fire, 


1,000,000 


328,391,270 


4,275,758 


2,345,655 


1,930,103 


Continental, 


1,000,000 


924,495,543 


11,479,012 


5,615,527 


5,863,485 


Delaware, .... 


702,875 


115,998,914 


1,560,686 


799,529 


761,157 


Detroit Fire and Marine, . 


500,000 


37,293,565 


1,423,165 


268,684 


1,154,481 


Dutchess 


200,000 


56,937,639 


648,749 


369,321 


279,428 



* Including perpetual fire risks. 

X Including scrip outstanding, $12,400. 



t Not including scrip outstanding, $6,584,560. 



xlii 



REPORT OF THE 



Table VIII. — Insurance Companies of Other States. — Continued. 



NAME OF COMPANY. 


Cash 
Capital. 


Amount at 

Risk 

Dec. 31, 1901.* 


Gross 
Assets. 


Gross 
Liabilities. 


Surplus as 

re^.'irds 

Policy Hold- 

ers Dec. 31, 

1901. 


Empire City, 


$200,000 


$12,231,628 


$321,045 


$93,842 


$227,203 


Enterprise Mutual, 


- 


20,276,259 


226,703 


85,745 


140,958 


Equitable Fire and Marine, 


400,000 


66,398,550 


996,643 


482,780 


513,863 


Farmers' Fire, 


- 


61,908,842 


777,379 


446,372 


331,007 


Fire Association, 


500,000 


497,260,260 


6,203,317 


5,208,627 


994,690 


Fire Ins. Co., Co. of Phila., 


400,000 


40,579,595 


981,110 


455,229 


525,881 


Fireman's Fund, . 


1,000,000 


251,959,833 


4.441,734 


2,120,832 


2,320,902 


Firemen's (Baltimore), 


400,000 


96,234,969 


1,274,758 


478,018 


796,740 


Firemen's (Newark), . 


1,000,000 


108,017,245 


2,800,045 


606,258 


2,193,787 


Firemen's Mutual, 


- 


82,987,337 


1,069,248 


337,418 


731,830 


Franklin Fire, 


400,000 


143,850,564 


3,106,430 


1,628,190 


1,478,240 


German (Freeport), . 


200,000 


347,603,412 


4,035,132 


2,660,685 


1,374,447 


German Alliance, 


400,000 


57,205,452 


1,070,545 


338,450 


732,095 


German- American, 


1,000,000 


686,958,844 


9,278,757 


3,845,514 


5,433,243 


German Fire (Pittsburgh), 


200,000 


40,879,289 


539,824 


289,620 


250,204 


Germania Fire, . 


1,000,000 


414,731,810 


5,350,322 


1,909,223 


3,441,099 


Girard Fire and Marine, . 


300,000 


119,911,400 


1,961,877 


1,112,522 


849,355 


Glens Falls 


200,000 


187,149,586 


3,457,533 


1,095,760 


2,361,773 


Granite State, 


200,000 


37,050,996 


588,889 


287,939 


300,950 


Greenwich, .... 


200,000 


304,588,274 


2,047,142 


1,774,198 


272,944 


Hanover Fire, 


1,000,000 


279,034,151 


3,305,999 


1,772,532 


1,533,467 


Hartford Fire, . 


1,250,000 


1,209,811,291 


11,678,474 


7,868,475 


3,809,999 


Home 


3,000,000 


976,562,175 


15,111,370 


6,237,121 


8,874,249 


Home Fire and Marine, 


300,000 


65,228,858 


1,129,524 


526,909 


602,615 


Hope Mutual, 


- 


28,728,974 


233,248 


145,016 


88,232 


Indemnity Fire, . 


200,000 


19,356,773 


378,165 


141,405 


236,760 


Indianapolis Fire, 


200,000 


9,621,445 


373,094 


88,039 


285.055 


Ins. Co. of North America, 


3,000,000 


662,217,379 


9,962,498 


5,374,933 


4,557,565 


Kings County, 


200,000 


16,941,093 


399,471 


112,460 


257,011 


Lafayette Fire, . 


200,000 


39,575,812 


518,357 


304,925 


213,432 



* Including perpetual fire risks. 



INSURANCE COMMISSIONER. 



xliii 



Table VIII. — Insurance Companies of Other States — Continued. 



NAME OF COMPANY. 


Cash 
Capital. 


Amount at 

Risk 

Dec. 31, 1901* 


Gross 
Assets. 


Gross 
Liabilities. 


Surplus as 

regards 
Policy Hold- 
ers Dec. 31, 
1901. 


Liverpool & Lond. & Globe, 


$200,000 


$13,657,298 


$384,537 


$103,328 


$281,209 


Manufacturers' Mutual Fire, 


- 


38,062,038 


462,094 


153,656 


308,438 


Mechanics' (Philadelphia), 


250,000 


42,033,674 


936,426 


503,611 


432,815 


Mechanics' Mutual (Prov.), 


- 


24,756,953 


253,317 


100,393 


152,924 


Mechanics' and Traders', . 


300,000 


20,360,176 


507,886 


165,960 


341,926 


Mercantile Mutual, 


- 


21,587,114 


183,495 


121,024 


62,471 


Merchants' (Newark), 


400,000 


109,076,373 


1,191,046 


689,945 


501,101 


Merchants' Mutual (Prov.), 


- 


23,561,103 


299,726 


98,013 


201,713 


Michigan Fire and Marine) 


400,000 


42,084,707 


818,622 


292,946 


525,676 


Middlesex Mutual,' . 


- 


43,839,102 


878,425 


199,573 


678,852 


Millers' National, 


200,000 


25,221,257 


736,035 


320,349 


415,686 


Milwaukee Fire, . 


200,000 


23,556,580 


466,414 


194,471 


271,943 


Milwaukee Mechanics', 


200,000 


157,431,918 


2,630,638 


1,160,152 


1,470,486 


Nassau, .... 


200,000 


16,371,873 


558,164 


117,697 


440,467 


National, .... 


1,000,000 


506,668,065 


5,471,716 


3,064,686 


2,407,030 


National Standard, 


200,000 


37,230,491 


620,565 


306,995 


313,570 


National Union, . 


500,000 


17,588,528 


886,777 


160,391 


726,386 


Newark Fire, 


250,000 


29,773,987 


694,940 


152,483 


542,457 


New Hampshire Fire, 


1,000,000 


209,999,466 


3,506,510 


1,492,949 


2,013,561 


New York Fire, . 


200,000 


20,998,073 


409,343 


162,449 


246,894 


Niagara Fire, 


500,000 


295,483,754 


2,986,549 


1,772,504 


1,214,045 


No. British and Mercantile, 


200,000 


9,483,837 


565,934 


38,355 


527,579 


Northern Insurance, . 


250,000 


24,409,702 


584,141 


186,471 


397,670 


North German Fire, . 


200,000 


13,271,361 


333,147 


124,416 


208,731 


North River, 


350,000 


62,198,325 


856,382 


330,030 


526,352 


Northwestern National, . 


600,000 


259,367,015 


3,132,200 


1,508,534 


1,623,666 


Orient, 


500,000 


140,946,351 


2,104,074 


963,821 


1,140,253 


Pawtucket, .... 


- 


21,790,969 


361,862 


151,441 


210,421 


Pelican Assurance, 


200,000 


20,640,748 


433,166 


149,840 


283,326 


Pennsylvania Fire, 


400,000 


397,102,504 


5,377,064 


2,985,672 


2,391,392 



* Including perpetual fire risks. 



xliv 



REPORT OF THE 



Table VIII. — Insurance Companies of Other States — Concluded. 



NAME OF COMPANY. 


Cash 
Capital. 


Amount at 

Risk 

Dec. 31, 1901.* 


Gross 
Assets. 


Gross 
Liabilities. 


Surplus as 

regards 

Policy Hold- 

ers Dec. 31, 

1901. 


Phenix (New York), . 


$1,000,000 


$671,420,358 


$6,833,213 


$4,282,362 


$2,550,851 


Philadelphia Manufacturers' 


- 


24,536,520 


221,476 


127,721 


93,755 


Phoenix (Hartford), . 


2,000,000 


451,024,543 


5,743,811 


2,779,943 


2,963,868 


Potomac 


200,000 


29,066,216 


550,126 


188,931 


361,195 


Providence Mutual, . 


- 


26,598,714 


512,096 


152,600 


359,496 


Providence "Washington, . 


500,000 


166,972,583 


2,232,263 


1,388,581 


843,682 




500,000 


325,388,162 


4,654,143 


1,900,889 


2,753,254 


Reading Fire, 


250,000 


79,468,684 


971,243 


528,880 


442,363 


Reliance 


300,000 


63,195,353 


1,025,231 


529,820 


495,411 


Rhode Island Mutual, 


- 


52,451,857 


657,684 


211,619 


446,065 


Rochester German, 


200,000 


86,085,399 


1,278,283 


562,829 


715,454 


Security, .... 


300,000 


98,223,901 


1,135,881 


670,040 


465,841 


Spring Garden, . 


400,000 


97,456,260 


1,418,713 


915,706 


503,007 


State Mutual (Providence), 


- 


87,498,669 


930,548 


359,962 


570,586 


St. Paul Fire and Marine, . 


500,000 


190,894,113 


2,922,090 


1,639,745 


1,282,345 


Teutonia, .... 


250,000 


40,698,835 


727,737 


380,391 


347,346 


Traders', .... 


500,000 


130,824,083 


2,443,087 


1,052,642 


1,390,445 




200,000 


44,278,665 


561,480 


333,512 


227,968 


United Firemen's, 


300,000 


92,677,149 


1,622,030 


1,150,974 


471,056 


United States Fire, 


250,000 


49,093,168 


690,953 


389,362 


301,591 


United States Lloyds, 


- 


12,618,529 


906,475 


335,171 


571,304 


Victoria, .... 


200,000 


8,192,922 


269,925 


71,773 


198,152 


"Westchester Fire, 


300,000 


303,323,661 


3,123,839 


1,701,759 


1,422,080 


Western (Pennsylvania), . 


300,000 


31,582,956 


551,001 


218,807 


332,194 


What Cheer Mutual, . 


- 


33,926,150 


286,019 


167,360 


118,659 


Williamsburgh City, . 


250,000 


150,546,438 


2,209,321 


785,587 


1,423,734 


Totals, .... 


$48,102,875 


$16,465,379,609 


$243,309,903 


$113,880,412 


$129,429,491 



* Including perpetual tire risks. 



INSURANCE COMMISSIONER. 



xlv 



Table IX. — Insurance Companies of Other States. 
Fire Business. ' 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Ratio of Loss 

! to Premiums 

Received. 


^Etna, 


$492,095,524 


$4,320,386 


$2,571,954 


59.54 


Agricultural 


164,453,500 


1,073,465 


521,682 


48.62 


Albany 


15,881,380 


110,537 


55,276 


50.03 


American (Newark), .... 


173,488,425 


1,271,755 


602,655 


47.38 


American Central, * 


133,569,983 


1,176,528 


613,299 


52.11 


American Fire (Philadelphia), . 


156,775,529 


1,263,029 


1,018,183 


80.60 


American Lloyds, .... 


28,800,076 


212,371 


166,192 


78.25 


American Mutual (Prov.), . 


21,681,259 


163,422 


21,356 


13.07 


Assurance Company of America, 


53,761,834 


402,977 


218,907 


64.32 


Blackstone Mutual 


52,949,607 


398,731 


13,262 


3.33 


British American, .... 


21,384,282 


146,592 


83,919 


57.25 


Buffalo Commercial 


18,083,252 


157,595 


102,443 


64.98 


Buffalo German, 


51,200,965 


408,098 


219,966 


53.91 


Caledonian-American, .... 


15,703,775 


51,951 


86,676 


166.84 


Camden Fire 


26,033,682 


206,478 


75,125 


36.38 


Capital Fire 


20,910,121 


145,640 


109,805 


75.40 


Central Manufacturers', 


6,124,736 


90,576 


62,753 


69.27 


Citizens (8t. Louis) 


91,079,594 


231,481 


119,504 


51.62 


Coionial Assurance, .... 


36,070,782 


312,121 


222,562 


71.32 


Colonial (Washington), 


8,565,387 


80,414 


39,095 


48.63 


Commerce, 


15,930,876 


147,267 


78.843 


53.54 


Commercial Union, .... 


25,790,012 


141,019 


80,944 


57.40 


Commonwealth, 


34,512,782 


246,494 


144,747 


58.70 


Concordia, 


78,832,263 


616,996 


368,911 


59.79 


Connecticut Fire 


228,707,070 


2,377,137 


1,362,726 


57.34 


Continental, 


611,682,411 


! 
4,921,885 


2,648,854 


53.82 


Delaware, 


80,008,696 


681,371 


391,931 


57.51 


Detroit Fire and Marine, 


31,403,566 


250,599 


124,335 


49.60 


Dutchess, 


41,817,962 


377,486 


206,476 


54.70 


Empire City 


18,505,958 


161,909 


102,124 


63.07 


Enterprise Mutual 


21,720,849 


165,094 


21,494 


13.02 



xlvi 



REPORT OF THE 



Table IX. — Insurance Companies of Other States — Continued. 
Fire Business — Continued. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Ratio of Loss 
to Premiums 

Lecived. 


Equitable Fire and Marine, . 


$56,414,107 


$552,399 


$314,234 


56.88 


Farmers' Fire, 


39,667,550 


384,668 


252,143 


65.53 


Fire Association, 


340,732,328 


3,246,972 


2,084,034 


64.18 


Fire Insurance Co., County of Phila., 


30,490,470 


268,602 


131,851 


49.09 


Fireman's Fund, 


229,763,212 


1,991,874 


987,875 


49.59 


Firemen's (Baltimore), 


95,995,986 


566,824 


295,765 


52.19 


Firemen's (Newark), .... 


68,450,775 


590,427 


302,580 


51.25 


Firemen's Mutual, .... 


86,969,165 


654,611 


18,388 


2.81 


Franklin Fire, 


61,944,343 


573,550 


330,902 


57.68 


German (Freeport), .... 


224,132,407 


2,193,379 


1,153,610 


52.62 


German Alliance, 


50,393,927 


372,137 


206,574 


55.52 


German-American, .... 


669,430,867 


3,479,752 


1,898,561 


54.57 


German Fire (Pittsburgh), . 


32,890,810 


301,810 


153,489 


50.86 


Germania Fire, 


250,236,851 


1,670,479 


769,354 


46.07 


Girard Fire and Marine, 


47,008,370 


406,321 


192,998 


47.50 


Glens Falls, 


112,418,615 


983,509 


538,216 


54.72 


Granite State, 


34,287,201 


326,498 


197,229 


60.40 


Greenwich, 


210,646,724 


1,509,457 


921,563 


61.07 


Hanover Fire, 


267,751,892 


1,798,011 


1,186,852 


66.02 • 


Hartford Fire, 


1,090,235,332 


9,780,993 


5,647,633 


57.74 




923,613,699 


5,939,659 


2,972,579 


50.05 


Home Fire and Marine, 


63,242,990 


609,796 


281,104 


46.10 


Hope Mutual, 


31,222,169 


246,228 


89,447 


36.33 


Indemnity Fire, 


23,562,780 


182,577 


132,430 


72.51 


Indianapolis Fire, 


11,608,787 


113,305 


38,466 


33.95 


Insurance Co. of North America, 


578,469,994 


4,488,747 


2,814,319 


62.69 




22,326,098 


129,658 


75,481 


58.20 




46,942,914 


408,680 


225,530 


55.18 


Liverpool and London and Globe, 


21,342,331 


114,082 


69,574 


60.97 


Manufacturers' Mutual Fire, 


39,840,324 


295,440 


10,936 


3.70 


Mechanics' (Philadelphia), . 


30,437,952 


254,742 


160,757 


63.13 


Mechanics' Mutual (Providence), 


26,014,249 


192,784 


6,980 


3.62 



INSURANCE COMMISSIONER. 



xlvii 



Table IX. — Insurance Companies of Other States — Continued. 

Fire Business — Continued. 



NAME OF COMPANY. 


Risks 
"Written. 


Premiums 
Received. 


Losses 
Paid. 


Ratio of Loss 

to Premiums 

Received. 


Mechanics' and Traders', . 


$25,173,843 


$197,620 


$115,573 


58.50 


Mercantile Mutual, .... 


23,514,305 


190,394 


56,265 


29.55 


Merchants' (Newark), 


97,011,799 


685,797 


526,849 


76.82 


Merchants' Mutual (Providence), 


24,714,268 


188,636 


6,010 


3.19 


Michigan Fire and Marine, . 


38,657,901 


344,175 


228,484 


66.39 


Middlesex Mutual, .... 


15,989,038 


118,953 


63,474 


53.34 


Millers' National, 


17,445,627 


406,011 


386,693 


95.24 


Milwaukee Fire, 


22,872,127 


222,316 


119,092 


53.58 


Milwaukee Mechanics', 


118,957,377 


1,055,430 


589,259 


55.86 


Nassau, 


12,974,679 


81,008 


72,229 


89.16 


National 


520,605,644 


3,433,159 


1,751,880 


51.03 


National Standard, .... 


56,024,251 


404,948 


216,775 


53.54 


National Union, 


21,560,864 


168,967 


18,510 


10.95 


Newark Fire, 


18,690,274 


148,901 


87,066 


58.48 


New Hampshire Fire 


153,006,179 


1,448,247 


920,831 


63.59 


New York Fire, 


25,000,260 


199,742 


138,075 


69.16 


Niagara Fire, 


237,773,080 


1,847,533 


1,149,660 


62.23 


North British and Mercantile, . 


18,541,107 


52,948 


16,202 


30.59 


Northern Insurance 


30,273,141 


223,474 


121,940 


54.56 


North German Fire, .... 


15,094,555 


118,338 


65,425 


55.30 


North River, 


57,112,215 


368,675 


219,669 


59.59 


Northwestern National, 


145,090,837 


1,115,440 


521,004 


46.73 


Orient, 


127,054,015 


1,060,832 


808,504 


76.20 


Pawtucket, 


5,645,175 


79,533 


32,701 


41.12 


Pelican Assurance, .... 


26,407,020 


193,596 


86,437 


44.65 


Pennsylvania Fire, .... 


269,343,016 


2,156,913 


1,449,024 


67.18 


Phenix (New York) 


518,023,927 


4,648,366 


2,387,049 


51.35 


Philadelphia Manufacturers', 


27,404,818 


234,193 


58,049 


2.48 


Phoenix (Hartford), .... 


388,090,888 


3,237,986 


1,706,745 


62.72 


Potomac, 


29,338,045 


196,034 


85,527 


43.64 


Providence Mutual 


7,525,141 


72,354 


23,287 


32.19 


Providence Washington, 


186,435,408 


1,245,740 


972,698 


78.06 



xlviii 



REPORT OF THE 



Table IX. — Insurance Companies of Other States — Continued. 
Fire Business — Concluded. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Ratio of Loss 

to Premiums 

Received. 


Queen, 


$277,953,937 


$2,397,373 


$1,422,328 


59. ae 


Reading Fire, 


77,593,025 


587,108 


307,631 


52.39 


Reliance, 


46,177,818 


387,122 


232,569 


60.09 


Rhode Island Mutual, .... 


54,982,949 


407,587 


14,447 


3.55 


Rochester German, .... 


77,486,139 


599,548 


323,537 


53.96 


Security, 


82,146,486 


582,685 


308,503 


52.94 


Spring Garden, 


73,287,075 


519,070 


271,129 


52.23 


State Mutual (Providence), 


91,814,466 


696,167 


25,985 


3.73 


St. Paul Fire and Marine, . 


144,845,250 


1,947,255 


988,215 


50.75 


Teutonia, 


48,790,094 


552,194 


359,210 


65.05 


Traders', 


132,661,427 


1,219,852 


806,211 


66.08 


Union, 


36,738,149 


313,484 


174,379 


55.63 


United Firemen's, .... 


42,629,931 


371,257 


206,694 


55.67 


United States Fire, .... 


57,434,876 


356,986 


200,093 


56.05 


Victoria, 


10,272,184 


78,851 


51,723 


65.60 


Westchester Fire, .... 


234,409,571 


1,890,947 


1,103,604 


58.38 


Western (Pennsylvania), . 


26,932,687 


241,528 


138,143 


57.18 


What Cheer Mutual, .... 


36,836,304 


291,704 


99,150 


33.99 


Williamshurgh City, .... 


99,511,510 


788,050 


382,631 


48.55 


Totals, 


$13,529,866,059 


$107,314,402 


$59,334,621 


55.29 



Marine Business. 



JEtna 

Atlantic Mutual, . 
Citizens' (St. Louis), . 
Colonial Assurance, 
Detroit Fire and Marine, 

Equitable Fire and Marine, 
Fireman's Fund, . 
Greenwich, ... 

Home 

Home Fire and Marine, 



$131,057,701 

718,746,817 

184,102 

2,578,897 

6,609,735 

1,174,218 

126,400,168 

43,340,200 

69,208,374 

11,596,269 



$333,008 

3,446,423 

276 

66,581 

63,234 

16,744 
364,095 
202,795 
230,869 

88,306 



$116,879 

1,659,395 

79 

35,684 

36,757 

5,587 

201,422 

104,734 

106,094 

73,209 



35.10 
48.14 
2.86 
53.59 
58.14 

33.38 
55.32 
51.63 
45.95 
82.90 



INSURANCE COMMISSIONER. 



xlix 



Table IX. — Insurance Companies of Other States — Concluded. 
Marine Business — Concluded. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Ratio of Loss 

to Premiums 

Received. 



Insurance Company of No. America 
Mechanics' and Traders', 
New York Fire, . 
Northwestern National, 
Orient 



Providence Washington, 

Security, 

St. Paul Fire and Marine, 

Teutonia, 

United States Fire, 

United States Lloyds, 
Western (Pa.), 
Totals, . 



$362,058,660 

3,323,806 

756,226 



159,900,862 

9,238,058 

80,647,328 

5,518,216 

1,603,956 

297,355,100 
39,832 



$2,031,338,525 



$1,746,596 

7,376 

21,448 



431,789 
64,409 

405,416 
23,002 
35,269 

469,880 
256 



$981,258 

381 

29,250 

3,174 

5,276 

237,971 
41,980 

216,694 

9,294 

26,203 

363,610 



56.17 

5.17 

143.00 



55.12 
65.18 
53.45 
40.41 
74.28 

77.38 



$8,017,772 



$4,254,931 



53.07 



REPORT OF THE 



Table X. — Insurance Companies of Other States. 



NAME OF COMPANY. 


Gross Cash 
Income. 


Gross Cash 
Expendi- 
tures. 


Expenses. 


Ratio of 

Expenses to 

Premiums 

Received. 


Cash 
Dividends 
Declared. 


^Etna, 


$5,152,568 


$4,954,521 


$1,565,688 


33.66 


$700,000 


Agricultural, .... 


1,154,308 


1,009,294 


437,612 


40.78 


50,000 


Albany, 


140,293 


122,990 


44,857 


40.60 


20,000 


American (Newark), . 


1,436,120 


1,196,200 


531,673 


41.80 


60,000 


American Central, 


1,258,777 


1,141,381 


453,082 


38.50 


75,000 


Ameriean Fire (Philadelphia), . 


1,359,165 


1,521,281 


476,917 


37.76 


15,000 


American Lloyds, 


229,792 


273,712 


67,864 


31.95 


- 


American Mutual (Providence), 


171,942 


175,824 


12,055 


7.38 


- 


Assurance Co. of America, 


414,785 


381,250 


138,342 


34.32 


24,000 


Atlantic Mutual, . . 


3,835,435 


3,562,912 


497,005 


14.42 


- 


Blackstone Mutual, . 


417,904 


368,260 


30,538 


7.66 


- 


British American, 


154,474 


135,574 


51,655 


35.24 


- 


Buffalo Commercial, . 


170,486 


163,979 


56,535 


35.88 


5,000 


Buffalo German, .... 


494,947 


467,647 


172,799 


42.34 


60,000 


Caledonian-American, 


69,242 


104,392 


17,716 


34.11 


10,000 


Camden Fire, .... 


232,101 


169,174 


72,730 


35.22 


20,000 


Capital Fire 


162,087 


175,064 


61,259 


42.08 


4,000 


Central Manufacturers', 


93,283 


97,940 


25,709 


28.38 


- 


Citizens' (St. Louis), . 


242,394 


223,159 


103,575 


44.60 


- 


Colonial Assurance, . 


393,411 


394,297 


132,801 


35.07 


20,000 


Colonial (Washington), 


89,647 


78,413 


39,318 


48.90 


- 


Commerce, 


163,551 


158,640 


63,394 


43.04 


16,000 


Commercial Union, 


149,610 


134,641 


43,697 


30.99 


10,000 


Commonwealth 


282,322 


258,117 


83,370 


33.82 


30,000 


Concordia, ..... 


657,336 


673,004 


283,672 


45.98 


20,000 


Connecticut Fire, 


2,539,125 


2,381,750 


919,024 


38.66 


100,000 


Continental 


5,320,623 


4,722,522 


1,823,599 


37.06 


250,000 


Delaware, 


738,216 


727,682 


314,665 


46.19 


21,086 


Detroit Fire and Marine, . 


377,051 


323,283 


106,973 


34.10 


50,000 


Dutchess 


399,262 


352,930 


134,254 


35.58 


12,000 


Empire City, .... 


170,042 


181,474 


79,349 


49.01 


- 


Enterprise Mutual, 


173,026 


175,836 


12,090 


7.32 


- 



INSURANCE COMMISSIONER. 



li 



Table X. — Insurance Companies of Other States — Continued. 



NAME OF COMPANY. 


Gross Cash 
Income. 


Gross Cash 
Expendi- 
tures. 


Expenses. 


Ratio of 

Expenses to 

Premiums 

Received. 


Cash 
Dividends 
Declared. 


Equitable Fire and Marine, 


$603,591 


$567,302 


$219,481 


38.57 


$28,000 


Farmers' Fire, .... 


411,500 


419,843 


167,700 


43.59 


- 


Fire Association, 


3,516,463 


3,569,976 


1,274,431 


39.24 


200,000 


Fire Ins. Co., County of Phila., 


307,685 


266,334 


110,482 


41.14 


24,000 


Fireman's Fund 


2,524,953 


2,155,337 


846,040 


35.91 


120,000 


Firemen's (Baltimore), 


617,411 


575,595 


206,182 


36.38 


72,000 


Firemen's (Newark), . 


716,864 


639,420 


235,945 


39.95 


100,000 


Firemen's Mutual, 


689,754 


603,865 


39,398 


6.02 


- 


Franklin Fire, .... 


698,537 


679,931 


266,328 


46.43 


80,000 


Q-erman (Freeport), . 


2,346,171 


2,094,775 


890,773 


40.62 


50,000 


German Alliance, . 


409,902 


337,785 


107,211 


28.81 


24,000 


German-American, 


3,799,712 


3,424,854 


1,226,293 


35.23 


300,000 


German Fire (Pittsburgh), 


324,077 


307,161 


133,672 


44.30 


20,000 


Germania Fire 


1,837,063 


1,541,434 


622,080 


37.25 


150,000 


Girard Fire and Marine, . 


504,019 


493,244 


231,026 


56.85 


60,000 


Glens Falls, 


1,159,550 


1,056,765 


418,548 


42.55 


100,000 


Granite State 


348,394 


322,095 


112,866 


34.58 


12,000 


Greenwich, 


1,818,136 


1,791,717 


745,008 


43.52 


20,000 


Hanover Fire 


1,944,210 


1,955,441 


688,589 


38.30 


80,000 


Hartford Fire, .... 


10,163,238 


9,762,834 


3,707,602 


37.91 


400,000 


Home 


6,860,889 


5,668,282 


2,110,396 


34.19 


390,000 


Home Fire and Marine, 


742,850 


645,689 


255,376 


36.59 


36,000 


Hope Mutual, .... 


256,811 


299,555 


22,903 


9.30 


- 


Indemnity, 


205,780 


204,089 


71,659 


39.24 


- 


Indianapolis Fire, 


130,178 


85,128 


46,663 


41.18 


- 


Insurance Co. of North America, 


6,620,378 


6,307,825 


2,133,613 


34.22 


360,000 


Kings County, .... 


153,182 


137,168 


51,459 


39.68 


10,000 


Lafayette Fire 


418,279 


358,604 


133,074 


32.57 


- 


Liverpool and London and Globe, 


131,118 


104,203 


34,630 


30.35 


- 


Manufacturers' Mutual Fire, 


310,152 


268,050 


19,873 


6.73 


- 


Mechanics' (Philadelphia), 


291,328 


293,591 


112,481 


44.17 


20,000 


Mechanics' Mutual (Providence), 


200,713 


173,757 


12,829 


6.66 


- 


Mechanics* and Traders', . 


225,826 


199,582 


83,629 


40.80 


- 



Hi 



REPORT OF THE 



Table X. — Insurance Companies of Other States — Continued. 



NAME OF COMPANY. 


Gross Cash 
Income. 


Gross Cash 
Expendi- 
tures. 


Expenses. 


Ratio of 

Expenses to 

Premiums 

Received. 


Cash 
Dividends 
Declared. 


Mercantile Mutual, 


$196,823 • 


$218,280 


$31,895 


16.75 


_ 


Merchants' (Newark), 


773,043 


876,531 


325,681 


47.49 


$24,000 


Merchants' Mutual Providence, . 


198,595 


174,121 


14,791 


7.84 


- 


Michigan Fire and Marine, 


378,597 


394,970 


150,486 


43.73 


16,000 


Middlesex Mutual, 


199,442 


121,089 


57,615 


48.42 




Millers' National, 


439,709 


484,453 


97,760 


24.08 


" 


Milwaukee Fire 


241,001 


220,110 


99,673 


44.83 




Milwaukee Mechanics', 


1,164,622 


1,121,575 


442,295 


41.92 


80,000 




116,131 


116,153 


23,923 


29.53 


20,000 




3,630,386 


3,202,667 


1,3: 


38.77 


120,000 


National Standard, 


418,190 


379,923 


139.14S 


34.35 


24,000 


National Union 


185,095 


109,212 


90,702 


53.67 


- 


Newark Fire 


177,168 


188,812 


75,958 


51.01 


25,000 


New Hampshire Fire, . 


1,598,002 


1,597,763 


569,242 


39.31 


100,000 


New York Fire, .... 


233,183 


260,517 


81,192 


36.70 


12,000 


Niagara Fire 


1,950,392 


1,920,588 


720,928 


39.01 


50,000 


North British and Mercantile, . 


68,199 


34,611 


18,409 


34.77 


- 


Northern Insurance, . 


258,484 


209,329 


87,399 


39.10 


- 


North German Fire, . 


126,488 


116,353 


50,929 


43.05 


- 


North River 


396,664 


386,037 


139,082 


37.73 


28,000 


Northwestern National, 


1,232,354 


1,104,607 


499,155 


44.77 


81,000 




1,144,632 


1,234,109 


416,647 


39.26 


- 




92,443 


76,236 


22,074 


27.75 


- 


Pelican Assurance, 


203,994 


156,807 


70,371 


36.35 


- 


Pennsylvania Fire, 


2,379,162 


2,328,205 


779.1S2 


36.12 


100,000 


Phenix (New York), . 


4,807,301 


4,257,065 


1,770,017 


38.08 


100,000 


Philadelphia Manufacturers', 


243,305 


251,953 


26,529 


11.33 


- 


Phoenix (Hartford), . 


3,503,079 


3,188,958 


1,202,213 


37.12 


280,000 


Potomac, 


221,664 


202,760 


93,233 


47.57 


24,000 


Providence Mutual, 


90,260 


68,601 


24,004 


33.17 


- 


Providence Washington, . . 


1,767,565 


1,817,603 


556,934 


33.19 


50,000 




2,561,3S2 


2,327,492 


805,163 


33.59 


100,000 


Reading Fire 


624,760 


552,065 


213,900 


36.43 


30,000 



INSURANCE COMMISSIONER. 



liii 



Table X. — Insurance Companies of Other States — Concluded. 



NAME OF COMPANY. 


Gross Cash 
Income. 


Gross Cash 
Expendi- 
tures. 


Expenses. 


Ratio of 

Expenses to 

Premiums 

Received. 


Cash 
Dividends 
Declared. 


Reliance, 


$425,183 


$419,605 


$169,036 


43.66 


$18,000 


Rhode Island Mutual, 


428,809 


372,937 


27,520 


6.75 


- 


Rochester German, 


649,306 


595,553 


251,868 


42.02 


20,000 


Security, 


686,387 


647,111 


271,932 


42.02 


24,000 


Spring Garden, .... 


597,270 


650,851 


227,179 


43.77 


28,000 


State Mutual (Providence), 


727,274 


664,521 


48,864 


7.02 


- 


St. Paul Fire and Marine, . 


2,470,307 


2,052,678 


797,769 


33.91 


50,000 


Teutonia, 


595,383 


590,400 


196,896 


34.23 


12,500 


Traders', 


1,312,420 


1,326,725 


470,514 


38.57 


50,000 


Union, 


330,362 


329,634 


137,797 


43.96 


12,000 


United Firemen's, 


443,563 


409,035 


163,675 


44.09 


30,000 


United States Fire, 


418,516 


427,079 


183,284 


46.72 


17,500 


United States Lloyds, . 


639,314 


560,191 


146,581 


31.20 


- 


Victoria 


86,773 


79,182 


27,459 


34.83 


15,000 


Westchester Fire, 


2,043,049 


1,910,116 


758,511 


40.11 


48,000 


Western (Pennsylvania), . 


319,657 


251,161 


95,018 


39.30 


18,000 


What Cheer Mutual, . 


305,386 


348,023 


29,129 


9.99 


- 


Williamsburgh City, . 


853,417 


783,373 


338,746 


42.98 


60,000 


Totals, 


$124,886,530 


$116,136,114 


$41,561,152 


36.05 


$5,895,086 



liv 



REPORT OF THE 



Table XI. — United States Branches, Foreign Companies. 

[All companies in this list have a deposit capital of $200,000, except those doing a marine 
business, which have a deposit capital of $300,000, and are marked by an asterisk (*). Under 
section 94, chapter 118, Revised Laws, all general deposits in excess of what is sufficient to en- 
able the company to comply with the law as regards capital are counted as surplus funds.] 



NAME OF COM- 
PANY. 


Location. 


Amount at 

Risk 

Dec. 31, 1901. 


Gross 
Assets. 


Gross 
Liabilities. 


Surplus as 
regards Pol- 
icy Holders 
Dec. 31, 1901. 


Aachen and Munich, 


Aix-la-Chapelle, 


$57,322,223 


$863,775 


$491,663 


$372,112 


Atlas Assurance, . 


London, . 


92,186,9501 


910,212 


621,198 


289,014 


British America, . 


Toronto, . 


118,809,611 


1,074,045 


800,346 


273,699 


British & For. Marine,* 


Liverpool, 


19,605,712 


1,329,906 


546,639 


783,217 


Caledonian, . 


Edinburgh, 


150,337,890 


1,651,068 


995,808 


655,260 


Cologne Reinsurance, . 


Cologne, . 


65,646,928 


586,425 


345,541 


240,884 


Commercial Union, 


London, . 


416,137,3821 


3,561,532 


2,798,946 


762,586 


Hamburg-Bremen, 


Hamburg, 


170,889,339 


1,451,481 


1,179,589 


271,892 


Imperial, 


London, . 


159,367,339 


1,516,996 


958,994 


558,002 


Law, Union and Crown, 


London, . 


36,054,261 


610,207 


281,509 


328,698 


Liv. & London & Globe, 


Liverpool, 


921,385,359t 


10,316,391 


1,017,003 


9,299,388 


Lon. Assurance (Fire), 


London, . 


182,573,999 


1,577,448 


937,410 


640,038 


Lon. Assur. (Marine),* 


London, . 


6,766,114 


546,455 


181,875 


364,580 


London and Lancashire, 


Liverpool, 


351,541,450 


2,221,616 


1,620,640 


600,976 


Manchester Assurance, 


Manchester, . 


190,349,213 


1,615,641 


1,224,003 


391,638 


Mannheim,* . 


Mannheim, 


12,789,670 


392,744 


91,091 


301,653 


Marine,* .... 


London, . 


6,276,479 


476,908 


190,515 


256,393 


Moscow, .... 


Moscow, . 


88,267,906 


652,471 


588,259 


64,212 


Munich Reinsurance, . 


Munich, . 


241,134,214 


1,881,538 


1,658,517 


223,021 


National, 


Dublin, . 


42,930,370 


604,399 


399,420 


204,979 


No. British & Mercantile, 


London, . 


441,596 7011 


4,839,302 


2,600,109 


2,239,193 


Northern Assurance, . 


Londob, . 


230,540,259 


2,477, S57 


1,433,503 


1,044,354 


North German, 


Hamburg, 


19,314,417 


449,853 


202,240 


247,613 


Norwich Union, . 


Norwich, 


259,226,668 


1,983,085 


1,445,051 


538,034 


Palatine, .... 


London, . 


104,073,054 


1,285,930 


782,925 


503,005 


Phoenix Assurance, 


London, . 


341,003,973 


2,704,506 


2,373,838 


330.66S 


Prussian National, 


Stettin, . . 


67,060,502 


859,707 


530,183 


329,524 


Reliance Marine,* . 


Liverpool, 


1,696,153 


375, 3S5 


34,122 


341,263 


Royal 


Liverpool, 


766,716,849f 


6,935,227 


4,714,960 


. -.1,267 


Royal Exchange, . 


London, . 


103,576,SS5 


1,342,724 


768,259 

1 


574,465 



+ Including perpetual fire risks. 



INSURANCE COMMISSIONER. 



lv 



Table XI. — United States Branches, Foreign Companies — Con. 



NAME OF COM- 
PANY. 


Location. 


Amount at 

Risk 

Dec. 31,1901. 


Gross 

Assets. 


Gross 
Liabilities. 


Surplus as 
regards Pol- 
icy Holders 
Dec. 31, 1901. 


Salamandra, . 


St. Petersburg, 


$60,423,634 


$775,808 


$531,050 


$244,758 


Scottish Union & Nat'l, 


Edinburgh, 


367,690,544 


3,748,064 


1,869,810 


1,878,254 


Skandia 


Stockholm, 


92,799,632 


768,730 


515,335 


253,395 


State, .... 


Liverpool, 


12,078,136 


315,554 


102,410 


213,144 


Sun, .... 


London, . 


320,261,374 


2,375,103 


1,666,515 


708,588 


Svea, .... 


Gothenburg, . 


49,391,832 


754,534 


478,720 


275,814 


Thames and Mersey,* . 


Liverpool, 


5,242,152 


534,876 


213,666 


321,210 


Thuringia, 


Erfurt, . 


114,084,832 


1,050,757 


714,419 


336,338 


Union Assurance, . 


London, . 


126,306,271 


1,190,112 


807,904 


382,208 


"Western Assurance, 


Toronto, . 


244,408,413 


1,806,096 


1,416,673 


389,423 




$7,057,864,690 


$70,414,468 


$40,130,708 


$30,283,760 



lvi 



REPORT OF THE 




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lvii 



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lviii 



REPORT OF THE 



Table XIII. — Massachusetts Business for 1901. 
Massachusetts Mutual Fire Companies. 



NAME OF COMPANY. 


Risks 


Premiums 


Contingent 


u~ 


Losses 




Written. 


Received. 


Assets. 


Paid. 


Incurred. 


Abington 


$1,776,005 


$26,662 


$26,6«2 


$5,592 


$4,714 


Anniaquam, 


73,800 


- 


2,369 


116 


116 


Arkwright, 


50,476,829 


372,022 


1,860,108 


11,016 


15,101 


Atlas, 


10,000 


25 


- 


- 


- 


Attleborougb 


575,270 


4,041 


8,082 


736 


336 


Barnstable County, 


2,086,976 


37,273 


111,818 


10,088 


10,588 


Berkshire, 


2,423.117 


34,548 


34,548 


7.120 


7,670 


Boston Manufacturers', 


61,231,692 


442,323 


2,211,614 


19,232 


22,261 


Bristol County, .... 


398,255 


2,714 


27,140 


159 


159 


Cambridge, ..... 


5,960,748 


94,337 


- 


27,582 


29,392 


Citizens', 


6,301,318 


85,304 


85,304 


21,090 


22,677 


Cobasset, 


73,665 


1,182 


2,364 


435 


435 


Cotton and "Woolen, 


5,922,862 


47,653 


238,263 


2,499 


2,499 


Dedham, 


2,041,278 


31,136 


31,136 


13,155 


13,601 


Dorchester, 


9,491,578 


153,611 


153,611 


49,264 


46,439 


Fall River Manufacturers', 


17,483,195 


131,323 


656,615 


5,585 


6,444 


Fitchburg, 


4,475,250 


61,860 


61,860 


26,699 


28,120 


Q-roveland 


357,865 


- 


28,830 


731 


731 


Hampshire, 


880,932 


13,832 


13,832 


1,897 


1,897 


Hingham, 


6,288,715 


93,572 


93,572 


40,641 


38,300 


Holyoke, 


8,509,621 


125,917 


128,303 


35,207 


36,600 


Industrial, 


3,620,314 


28,051 


140,253 


934 


934 


Lowell, 


3,172,777 


48,222 


48,222 


9,301 


8,520 


Lumber, 


1,031,557 


20,277 


60,832 


5,970 


5,970 


Lynn, 


460,967 


6,284 


12,568 


1,176 


1,176 


Merchants' and Farmers', . 


4,730,759 


70,781 


70,781 


19,525 


19,960 


Merrimack, 


7,323,207 


99,561 


99,561 


37,212 


36,819 


Middlesex, 


11,365,736 


171,434 


172,252 


46,420 




Mutual Fire Assurance, 


1,241,225 


19,492 


19,492 


2,436 


2,436 


Mutual Protection, 


1,649,173 


25,786 


25,786 


6,348 


6,355 


Newburyport 


130,000 


1,981 


7,924 


1,967 


1,967 


Norfolk, 


5,181,885 


75,999 


75,999 


26,947 


27,401 


Paper Mill 


5,071,022 


35,269 


176,344 


969 


1,569 


Quincy, 


7,267,815 


106,973 


106,973 


30,102 


29,602 


Rubber Manufacturers', 


5,185,676 


41,413 


207,066 


934 


934 


Salem, 


2,221,589 


34,328 


34,328 


7,885 




Salisbury and Amesbury, . 


231,330 


1,790 


17,901 


- 


15 


Saugus, 


885,100 


- 


111,840 


1,614 


1,477 


South Danvers, .... 


147,250 


3,057 


9,170 


270 


270 


Traders' and Mechanics', . 


7,962,346 


118,589 


118,589 


37,054 


37,054 


Western Massachusetts, 


500 


3 


_ 


_ 


_ 


West Newbury 


180,168 


- 


11,836 


1,911 


1,704 


Whiting, 


233,340 


2,078 


4,155 


17 


17 


"Worcester Manufacturers', 


21,560,963 


158,223 


- 


4,397 


5,550 


"Worcester Mutual, 


11,182,176 


155,671 


155,671 


30,586 


31,163 


Totals, 


$288,875,846 


$2,984,597 


$7,463,574 


$552,819 


$5-; 



INSURANCE COMMISSIONER. 



lix 



Table XIII. — Massachusetts Business for 1901 — Continued. 

Massachusetts Mutual Fire-Marine Companies. 
Fire Business. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 




$1,782,946 $19,952 


$13,564 


$13,077 



Marine Business. 



China, 
India, 

Totals, 



$21,792,807 



$21,792,807 



$303,539 



$303,539 



$189,396 



$189,396 



$148,921 
1,787 



$150,708 



Massachusetts Stock Companies. 
Fire Business. 



American, . 

Boston, 

Mercantile Fire and Marine, 
North American, . 
Springfield Fire and Marine, 



Totals, 



$5,608,854 
9,697,015 

10,650,958 
5,575,427 

18,722,403 



$50,254,657 



$46,570 

108,279 

86,963 

61,220 

175,010 



$478,042 



$23,120 
48,203 
16,423 
38,961 
81,197 



$207,904 



$25,866 
49,297 
19.461 
39,247 
81,324 



$215,195 



Marine Business. 



Boston, 



$55,606,085 $437,626 $270,282 



$278,608 



Companies of Other States. 
Fire Business. 



JElna, . 
Agricultural, . 
Albany, . 

American (Newark), 
American Central, 



American Fire (Philadelphia), 

American Lloyds, 

American Mutual, 

Assurance Company of America, 

BlackBtone Mutual, 



$33,435,055 
8,693,600 
1,837,888 
5,430,266 
4,441,322 

5,605,816 
2,252,950 
4,827,628 
2,018,471 
16,139,798 



$300,326 
81,501 
21,032 
42,190 
45,894 

57,671 
17,906 
35,645 
16,637 
117,252 



$115,991 

35,048 

3,904 

17,539 

10,742 

52,180 
1,320 
3,095 
7,639 
4,836 



$118,084 

31,612 

5,477 

15,463 

14,228 

50,976 
2,827 
3,095 
7,303 
6,200 



lx 



REPORT OF THE 



Table XIII. — Massachusetts Business for 1901 — Continued. 

Companies of Other States — Continued. 

Fire Business — Continued. 





Risks 


Premiums 


— • 

Losses 


Losses 


NAME OF COMPANY. 












Written. 


Received. , 


Paid. 


Incurred. 


British American, 1 


$1,764,703 1 


$17,595 


$14,956 


$14,532 


Buffalo Commercial, j 


685,358 j 


6,064 


1,873 


2,124 


Buffalo German, 


1,943,747 ! 


14,858 


8,710 


9,396 


Caledonian American 1 


916,298 


9,873 


6,629 


6.024 


Camden Fire, j 


1,495,337 


19,730 


2,910 


3,206 


Capital Fire, | 


4,388,605 


43,032 


25,788 


22,866 


Central Manufacturers' Mutual, . 


163,750 


3,673 


1,833 


1,833 


Citizens' (8t. Louis), ' 


2,898,860 


35,959 


12,525 


15,468 


Colonial Assurance, 


1,919.439 


19,568 


7,623 


8,294 


Colonial Fire, 


587,763 


7,977 


432 


487 


Commerce, 


1,085,183 


9,285 


5,831 


6,512 


Commercial Union Fire, 


1,523,218 


14,321 


7,266 


4,561 


Commonwealth, 


4,182,892 ; 


26,325 


hjm 


4,188 


Concordia 


2,385,294 ! 


30,693 


11,435 


9,732 


Connecticut Fire 


10,956,000 


112,943 


54,412 


53,696 


Continental, 


16,509,702 


170,184 


84,535 


80,703 


Delaware, 


4,239,785 


46,917 


25,844 


27,107 


Detroit Fire and Marine, .... 


1,439,127 


12.498 


8,659 


8,128 


Dutchess 


2,258,258 


27,660 


14,647 


17,528 


Empire City, 


- 


- 


- 


- 


Enterprise Mutual, 


4,821,947 


35,725 


3,095 


3,095 


Equitable Fire and Marine 


6,126,879 


52,418 


19,828 


19.985 


Farmers' Fire, 


1,760,574 


25,213 


18,171 


18,761 


Fire Association, 


23,095,059 


173,069 


94,734 


94,469 


Fire Insurance Co., County of Philadelphia, 


2,386,657 


25,638 


7,331 


6,418 


Fireman's Fund, 


9,617,824 


97,756 


33,198 


32,007 


Firemen's (Baltimore), .... 


2,570,351 


30,205 


17,028 


15,420 


Firemen's (Newark), 


4,750,848 


43,871 


19,189 


18,042 


Firemen's Mutual, 


29,696,514 


216,158 


6,029 


7,520 


Franklin Fire 


3,1*1,572 


29,808 


17,026 


19,358 


German (Freeport) 


4,941,421 


38,534 


11,803 


10,815 


German Alliance, 


2,577,112 


24,766 


13,742 


12,511 


German American, 


17,965,447 


154,055 


74,573 


69,424 


German Fire (Pittsburgh") 


1,823,245 


20,374 


10,585 


11,435 


Germania Fire, 


6,639,437 


65,488 


27,300 




Girard Fire and Marine, .... 


1,404,734 


12,010 


5,218 


5,562 


Glens Falls 


4,733,472 


40,181 


22,343 


22,274 


Granite Ptate 


6,367,603 


70,783 


33,791 


31,384 


Greenwich, 


7,748,959 


81,739 


40,029 


39,924 


Hanover Fire 


7,585,223 


82,733 


37,174 


32,770 


Hartford Fire, 


25,023,798 


262,256 


115,733 




Home 


46,525,754 


366,635 


217,431 


246,330 


Home Fire and Marine, .... 


2,887,525 


27,569 


8,537 


7,617 


Hope Mutual 


2,711,660 


21,657 


1,308 


1,322 


Indemnity Fire 


1,145,852 


11,564 


5,522 


5,575 


Indianapolis Fire, 


281,717 


2,608 


41 


141 


Insurance Co. of North America, 


27,487,527 


285,470 


112,617 


117, 5S1 


Kings County Fire 


807,431 


8,897 


1.2S4 


1,374 


Lafayette Fire, 


2,438,538 


23,416 


7,417 


8,501 


Liverpool and London and Globe, 


~ 


- 


" 


- 


Manufacturers' Mutual, .... 


12,416,814 


89,624 


8,819 


5,029 


Mechanics' 


1,332,036 


13,083 


5,110 


4,900 


Mechanics' Mutual, 


7,253,668 


52,038 


2,539 


3,196 


Mechanics' and Traders', .... 


3,279,191 


14,669 


11,328 


8,704 


Mercantile Mutual, 


792,612 


7,829 


1,542 


1,542 



INSUKANCE COMMISSIONER. 



lxi 



Table XIII. — Massachusetts Business for 1901 — Continued. 

Companies of Other States — Continued. 

Fire Business — Concluded. 





Risks 


Premiums 


Losses 


Losses 


name of company. 












Written. 


Received. 


Paid. 


Incurred. 


Merchants' (Newark) 


$6,141,166 


$50,717 


. $23,485 


$29,338 


Alerchants' Mutual, 


6,596,948 


48,349 


1,520 


1,697 


Michigan Fire and Marine, .... 


504,150 


5,913 


1,169 


1,905 


Middlesex Mutual, 


2,020,822 


28,911 


12,261 


12,879 


Millers' National, 


307,850 


3,208 


8 


1,008 


Milwaukee Fire 


269,069 


2,990 


864 


1,096 


Milwaukee Mechanics', .... 


1,795,336 


21,712 


5,131 


7,290 


Nassau, ........ 


568,805 


5,928 


939 


389 


National, 


17,796,595 


149,491 


79,461 


80,824 


National Standard, 


2,368,146 


19,336 


8,271 


8,033 


National Union, 


305,164 


2,583 


_ 


569 


Newark Fire, 


668,467 


5,996 


3,781 


3,856 


New Hampshire Fire 


15,704,268 


144,819 


98,970 


72,855 


New York Fire, 


2,392,253 


13,718 


3,502 


2,000 


Niagara Fire, 


14,072,529 


155,599 


95,805 


94,239 


North British and Mercantile, 


2,378,846 


9,186 


227 


487 


Northern Insurance, 


929,032 


7,012 


3,568 


4,403 


North German Fire, 


268,800 


3,203 


3,490 


4,265 


North River 


2,807,141 


27,827 


7,257 


8,305 


Northwestern National, .... 


3,537,675 


26,945 


12,254 


11,322 


Orient, 


6,166,317 


44,689 


23,893 


17,667 


Pawtucket Mutual, 


641,526 


10,437 


1,743 


2,365 


Pelican Assurance 


978,538 


8,773 


4,457 


4,710 


Pennsylvania Fire, 


9,785,315 


95,200 


72,894 


68,069 


Phenix (New York) 


15,085,837 


138,824 


55,931 


54,261 


Philadelphia Manufacturers', 


1,366,612 


10,792 


696 


696 


Phoenix (Hartford), 


16,272,805 


136,204 


64,216 


60,287 


Potomac, •. 


948,320 


11,854 


682 


2,449 


Providence Mutual 


676,805 


8,320 


2,868 


2,868 


Providence Washington, .... 


14,278,770 


130,671 


56,892 


59,111 


Queen, 


11,481,514 


107,434 


55,035 


57,980 


Reading Fire, 


1,994,661 


23,397 


10,779 


8,477 


Reliance, 


2,411,363 


14,041 


11,130 


8,907 


Rhode Island Mutual 


18,514,574 


133,141 


5,298 


6,601 


Rochester German, 


4,646,002 


51,887 


10,781 


11,275 


Security, 


6,842,626 


59,807 


32,648 


29,123 


Spring Garden, 


5,718.724 


60,907 


23,921 


25,597 


State Mutual Fire 


31,747,617 


233,782 


11,199 


12,597 


St. Paul Fire and Marine, .... 


5,389,433 


45,489 


17,635 


17,841 


Teutonia, 


1,923,544 


26,878 


15,791 


15,583 


Traders', 


4,168,806 


50,973 


18,851 


17,672 


Union 


4,398,869 


37,731 


16,193 


14,191 


United Firemen's 


2,653,879 


30,553 


18,545 


18,730 


United States Fire, 


4,841,720 


41,949 


14,240 


13,939 


Victoria Fire, 


610,211 


4,489 


19 


144 


Westchester Fire 


6,886,839 


71,991 


35,616 


34,497 


Western, 


1,444,074 


14,287 


5,990 


5,999 


What Cheer Mutual, 


3,743,161 


29,019 


1,385 


1,402 


Williamsburgh City, 


4,549,339 


41,834 


18,631 


15,072 




$701,805,977' 


$6,281,844 


$2,530,347 


$2,524,066 



lxii 



REPORT OF THE 



Table XIII. — Massachusetts Business for 1901 — Continued. 

Companies of Other States — Concluded. 

Marine Business. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 

Incurred. 



^Etna 

Atlantic Mutual, . 
Equitable Fire and Marine, . 

Fireman's Fund 

Home, 

Home Fire and Marine, 
Insurance Co. of North America, 
Providence Washington, 
St. Paul Fire and Marine, 
United States Lloyds, . 

Totals, 



$2,620,881 
60,265,173 

694,250 
5,184,591 

588,100 

791,772 

32,725,117 

11,818,847 

1,342,720 

2,607,558 



$118,639,009 



$69,260 

358,704 

14,584 

34,917 

15,877 

4,944 

209,876 

60,559 

31,000 

4,799 



$804,520 



$20,302 

57,775 

4,180 

7,768 

1,940 



61,605 

17,582 

19,354 

1,478 



$191,984 



$28,661 

57,775 

8,205 

9,498 

8,480 



62,500 

16,157 

18,881 

1,846 



$212,003 



United States Branches, Foreign Companies . 
Fire Business. 



Aachen and Munich, 
Atlas Assurance, . 
British America, . 
Caledonian, . 
Cologne Reinsurance, 



Commercial Union, 

Hamburg-Bremen, 

Imperial, 

Law, Union and Crown, 

Liverpool and London and Globe, 



London Assurance (Fire), 
London and Lancashire, 
Manchester Assurance, 

Moscow 

Munich Reinsurance, . 



National, 

North British and Mercantile, 

Northern Assurance, . 

North German, 

Norwich Union, . 



Palatine, . 

Phoenix Assurance, 

Prussian National, 

Royal, 

Royal Exchange, . 



Salamandra, . 

Scottish Union and National 

Skandia, .... 

State 

Sun, .... 



Svea, 

Thuringia, 

Union Assurance, . 

Western Assurance, 

Totals, . 



$2,739,898 
5,098,945 
3,323,381 
7,273,950 
4,765,269 

15,096,904 
6,153,326 
9,574,058 
1,405,010 

26,597,355 

15,027,529 

13,740,682 

7,255,253 

17,389,730 

4,739,877 

15,591,691 

10,223,980 

894,852 

13,510,371 

13,950,524 
11,440,714 I 

2,823,826 I 
41,016,424 i 

7,342,451 | 

3,337,917 

16,163,633 

7,062,313 

1,325,637 

15,534,335 

2,526,619 
3,596,652 
6,880,967 
5,651,715 



$319,060,788 



$36,540 
53,670 
36,332 
80,127 
43,542 

148,191 
62,575 
97,001 
11,531 

281,828 

114,000 

115,392 

72,973 

158,922 

73,884 
150,187 

79,012 

9,108 

118,508 

145,026 
126,211 

20,840 
326,102 

73,978 

33,447 

150,546 

41,340 

10,679 

139,072 



30,317 
44,530 
54,094 
70,994 



- 



$28,219 
36,226 
17,388 
32,045 
33,329 

88,911 

35,878 

56,847 

3,851 

163,498 

43,996 
52,057 
45,788 

59,091 

38,317 
71,689 
27,605 
5,545 
58,199 

8,430 

74,561 

11,358 

208,554 

23,731 

14,314 
70,901 
24,140 
2,605 
73,677 

17,291 
33,982 
18,650 
39,229 



$3,010,499 ; $1,519,902 



$29,259 
35,575 
14,790 
37,587 
26,203 

87,541 

37,298 

59,260 

5,047 

158,459 

40,803 
50,897 
41,909 

61,160 

33,250 
76,362 
27,027 
5,530 
58,820 

14.2S0 

80,663 

11,195 

217,779 

24.476 

16,602 
78,284 
33,970 
4,357 
66,817 

17,377 
31,431 
23,210 
41,157 

$1,54S,405 



INSURANCE COMMISSIONER. 



lxiii 



Table XIII. — Massachusetts Business for 1901 — Concluded. 
United States Branches, Foreign Companies — Concluded. 

Marine Business. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



British and Foreign Marine, 
London Assurance, 
Mannheim, 

Marine 

Reliance Marine, . 
Thames and Mersey, . 

Totals, . 



$37,998,181 
2,387,933 
6,141,373 

224,966,552 

3,275,650 



$163,093 
24,016 
28,170 
56,043 

14,933 



$274,769,689 



$286,255 



$89,307 
3,166 
5,013 
1,624 

3,940 



$103,050 



$96,675 
3,166 
5,296 
2,124 

3,940 

$111,201 



Recapitulation. 
Fire Business. 



Massachusetts mutual fire companies, 
Massachusetts mutual fire-marine com 

panies, 

Massachusetts joint-stock companies, 
Companies of other States, . 
United States branches, 



Totals, 



$288,875,846 

1,782,946 

50,254,657 

701,805,977 

319,060,788 



$1,361,780,214 



$2,984,597 

19,952 

478,042 

6,281,844 

3,010,499 



$12,774,934 



$552,819 

13,564 

207,904 

2,530,347 

1,519,902 



$4,824,536 



$560,772 

13,077 

215,195 

2,624,066 

1,548,405 



$4,861,515 



Marine Bttsiness. 



Massachusetts mutual marine companies, 
Massachusetts joint-stock companies, 
Companies of other States, .... 
United States branches 


$21,792,807 

55,606,085 

118,639,009 

274,769,689 


$303,539 
437,626 
804,520 
286,255 


$189,396 
270,282 
191,984 
103,050 


$150,708 
278,608 
212,003 
111,201 




$470,807,590 


$1,831,940 


$754,712 


$752,520 



lxiv 



REPORT OF THE 



Table XIV. — Statement of the Receipts and Expenditures of the 
Insurance Department for the Year ending Dec. 31, 1901. 

[Made pursuant to chapter 522, section 17, Acts of 1894.] 

Receipts. 



Compensation for valuation of life insurance policies, 
License fees, filing statements, certificates, etc., 



$29,4 19 03 
58,711 22 



$88,130 25 



Expenditures. 



Commissioner. 










$3,500 00 


Deputy Commissioner. 










2,500 00 


Actuary. 










2,000 00 


Examiner. 










2,000 00 


Clerks. 






Arthur E. Linnell, first, 


$2,000 00 




William 0. Richardson, second, 


. 


1,500 00 




Minnie F. Whipple, third, . 


. 


1,200 00 


. 4,700 00 


Extra Clerks 






A. M. Hawes, 




$ 1,200 00 




L. G. Hodgkins, 














1,166 66 




C. E. Weis, . 












, ■ 


1,000 00 




M. E. Burrill, 














1,000 00 




E. L. Johnson, 














1,000 00 




S. E. Flint, . 














1,000 00 




F. M Robbins, 














1,000 00 




F. M. Pas:e, . 














1,000 00 




G. C. Studley, 














900 CO 




G. M. Hall, . 














900 00 




V. I. Bryant, 














900 00 




G. H Manks, 














880 00 




F. E. Gowell, 














840 00 




M. L. McMann, 














840 00 




L. H. Young, 














840 00 




E. G. Stevens, 














840 00 




G. L. Moore, 














840 00 




M. H. Dyer, 














840 00 




Amounts car 


nedj 


orwa 


rd, . 


' 




• 


616,986 66 


$ 14,700 00 



INSURANCE COMMISSIONER. 



lxv 



Table XIV. — Statement of Receipts, etc. — Concluded. 



Amounts brought forward, .... 


$16,986 66 


$14,700 00 


J. S. Davis, .... ... 


840 00 




B. B. Hadley, . 












840 00 




I. L. Baker, . 












816 67 




K. J. Connorton, 












750 00 




S. E. Gould, 












635 00 




M. V. Kelley, . 












617 00 




C. L. Sawyer, 












560 00 




K. L. Scheufele, . 












495 00 




E. P. Bancroft, . 












426 66 




A. P. Cromack, . 












406 67 




L. E. Brick ett, . 












280 00 




H. L. Richardson, 












250 00 




G. L. Hemenway, 












221 67 




A. A. Estes, 












150 00 




H. A. Stewart, . 












140 00 








24,415 33 






Contingent Expenses. 






Printing and binding, 


$1,629 40 




Postage, 




289 95 




Travelling and examination expenses, 




433 69 




Stationery and supplies, 




759 00 




Clerical and expert services, 




107 00 




Express, telegraph and telephone, 




172 74 




Books and newspapers, 




53 50 








51 94 








3,497 22 






Total expenditures for 1901, 


$42,612 55 


Fees collected and paid into the State treasury, 


. 


88,130 25 


Surplus accrued t 


o the 


Con: 


imon 


wealt 


h, • 


$45,517 70 



MASSACHUSETTS MUTUAL 

FIRE INSURANCE COMPANIES. 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1901. 



ABINGTON MUTUAL FIRE INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



ABINGTON MUTUAL FIRE INSURANCE COMPANY, 

ABINGTON. 

[Incorporated May 30, 1856. Commenced business June 15, 1857.] 
ISAAC C. HOWLAND, President. ALFRED H. NASH, Secretary. 



Amount of permanent fund, 



Detailed Statement of Stocks, 



South Abington (Mass.) bonds, 

Omaha (Neb.) city bonds, 

St. Paul (Minn.) bonds, . 

Portland & Ogdensburg Railroad bonds, 

Naumkeag Street Railway bonds, . 

East Middlesex Street Railway bonds, 

Trenton Passenger Railway bonds, . 

Rockland & Abington Street Railway, 

Concord & Montreal R.R. debentures, 

Fitchburg R.R. bonds, 

Maine Central R.R. bonds, 

Boston United Gas Co. bonds, . 

20 shares Union Pacific R.R., . 

10 " State National Bank, Boston, 

6 " Nat'l Hide and Leather B'k, Boston 
14 " Metropolitan National B'k, Boston, 

5 " Old Boston National Bank, Boston, 

20 " South End National Bank, Boston, 

13 " Abington National Bank, Abington 
5 " Whitman National Bank, Whitman 

14 " First National Bank, Salem, 

21 " First National Bank, Danvers, 
Illinois Central R R. bonds, 

West End Street Railway bonds, 



Bonds, etc. 

Par Value. 

$2,000 00 
1,000 00 
1,000 00 
5,000 00 
2,000 00 
1,000 00 
2,000 00 
1,000 00 
3,000 00 
1,000 00 
1,000 00 
2,000 00 
2,000 00 
1,000 00 

600 00 
1,400 00 

500 00 
2,000 00 
1,300 00 

500 00 
1,400 00 
1,575 00 
3,000 00 
4,000 00 



|41,728 54 



Market Value. 

$2,150 00 
1,030 00 
1,055 00 
5,500 00 
2,090 00 
1,000 00 
2,370 00 
1,160 00 
3,240 00 
1,015 00 
1,020 00 
1,700 00 
2,062 50 
1,220 00 

753 00 
1,435 00 

512 50 
1,500 00 
1,365 00 

510 00 
1,120 00 
1,365 00 
3,071 25 
4,040 00 



f41,275 00 $42,284 25 



Summary of Assets Dec 31, 1901. 

Cash value of unencumbered real estate, . $3,900 00 

Loans on mortgage of real estate (first liens *) , 18,215 00 

* Value of lands mortgaged $9,950 00 

Value of buildings thereon ' 26,565 00 

Amount of insurance held as collateral, .... 24,900 00 



ABINGTON MUTUAL FIRE INSURANCE CO. 



Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
All other cash loans, 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, 
Premiums in course of collection (gross) 
Rents due and accrued, 
Bills receivable, .... 
Gross assets, .... 





$231 99 






42,284 25 






300 00 






1,308 05 






16,264 97 






392 95 




), 


1,341 24 

36 50 

1,393 14 


885,668 09 



Liabilities. 

Unearned premiums on outstanding risks, . $42,958 16 

Profits or surplus on terminated policies, unpaid, 532 14 

Commissions and brokerage, .... 250 27 

Gross liabilities, 



43,740 57 



Net cash assets, 



$41,927 52 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, 

Premiums how in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 



Gross cash income, 



other 



$1,408 50 
26,768 70 

$28,177 20 
1,341 24 

$26,835 96 
1,157 36 



sources, . 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for repairs on real estate, 

for incidentals, .... 

Gross cash expenditures, .... 



$25,678 60 


201 68 


1,036 09 


2,512 50 


427 00 


$29,855 87 


$5,606 46 


9,839 70 


3,971 34 


1,918 01 


307 55 


425 00 


133 57 


954 41 


$23,156 04 



ANNISQUAM MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1900, $5,718,894 00 $84,361 53 184,361 53 

Risks written during 1901, . 1,783,005 00 26,768 70 26,768 70 



Total $7,501,899 00 $111,130 23 1111,130 23 

Risks terminated during 1901, . 1,767,370 00 26,110 27 26,110 27 



In force at end of year, . . $5,734,529 00 $85,019 96 $85,019 96 
Deduct amount reinsured, . 51,515 00 738 53 738 53 



Net amount in force, . . $5,683,014 00 $84,281 43 $84,281 43 

Miscellaneous. 

Losses incurred during the year, $4,729 00 

Profits or surplus returned during 1901, 20, 40 and 60 per cent. 



ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, 

GLOUCESTER. 

[Incorporated March 1, 1847. Commenced business Dec. 28, 1847.] 

ELIAS DAVIS, President. JAMES S. JEWETT, Secretary. 

[Note. — This company charges a cash premium adequate for expenses only, and relies 
upon assessments on deposit notes to pay losses.] 

Amount of permanent fund Dec. 31, 1900, .... $676 69 

Increase during the year, 72 29 



Permanent fund Dec. 31, 1901, $748 98 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

United States bond, $500 00 $562 00 

Summary of Assets Dec. 31, 1901. 

Loans on mortgage of real estate (first liens *) , $4,313 94 

Interest accrued thereon, . 

Stocks, bonds, etc., as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, . 

Assessments due, .... 

Ofl&ce safe, $85 00 

Gross assets, $8,975 24 

Liabilities. 
Return assessments on cancelled policies, . . . . $124 15 

* Value of lands mortgaged, $3,900 00 

Value of buildings thereon 6,900 00 

Amount of insurance held as collateral, .... 6,563 00 



132 11 


562 00 


56 78 


3,900 81 


9 60 



ARKWRIGHT MUTUAL FIRE INSURANCE CO. 



Income. 

Cash received from assessments, .... 
Interest received on mortgages, .... 
Interest and dividends received from all other sources, 



Gross cash income, 



$451 00 
244 50 
165 86 

f861 36 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for incidentals,. .... 



Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1900, . . . $333,655 00 
Risks written during 1901 73,800 00 

$407,455 00 
86,050 00 



Total, 

Risks terminated during 1901, . 

In force at end of year, 

Miscellaneous 
Losses incurred during the year, 



$116 


40 


262 


35 


360 00 


2 


16 


29 


29 


$770 


20 


Conting't Prem's. 


$18,874 85 


2,368 50 



$21,243 35 
5,199 50 



$321,405 00 $16,043 85 



$116 00 



ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 8, 1860. Commenced business Oct. 1, 1860. 
R. W. TOPPAN, President. D. W. BARTLETT, Secretary. 

Office, 31 Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Commonwealth of Massachusetts, . . . $1*00,000 00 $100,000 00 

Cambridge city bonds, 40,000 00 42,075 00 

Boston city bonds, 20,000 00 20,875 00 

Providence city bonds, 50,000 00 50,000 00 

Waltham city bonds, 10,000 00 10,550 00 

Lowell city bonds, 20,000 00 22,400 00 

Worcester city bonds, 25,000 00 25,375 00 

Fitchburg Railroad bonds, .... 60,000 00 65,950 00 

Eastern Railroad bonds, 35,000 00 38,850 00 

Old Colony Railroad bonds, .... 40,000 00 45,800 00 

Boston & Lowell Railroad bonds, . . . 90,000 00 99,613 00 

Chicago, Burlington & Quincy R.R. bonds, . 50,000 00 52,225 00 

Boston & Maine Railroad bonds, . . . 50,000 00 58,000 00 

Philadelphia, Wilm. & Bait. R.R. bonds, . . 20,000 00 22,100 00 



ARKWRIGHT MUTUAL FIRE INSURANCE CO. 



Par Value. Market Value. 

Boston & Providence Railroad bonds, . . $20,000 00 $2 1,800 00 

Lake Shore & Mich. Southern R.R. bonds, . 30,000 00 32,002 00 

Pennsylvania Company bonds, . . . 30,000 00 33,675 00 

Chic. June. R.R. & Union Stock Y'ds bonds, . 25,000 00 27,500 00 

Boston & Albany Railroad bonds, . . . 30,000 00 32,250 00 

Norwich & Worcester Railroad bonds, . . 50,000 00 56,250 00 

N. Y., N. H. & Hartford R.R. bonds, . . 50,000 00 52,625 00 

Concord & Montreal R.R. bonds, . . . 25,000 00 27,437 00 

American Telephone & Tel. Co. bonds, . . 25,000 00 25,000 00 

$895,000 00 $962,352 00 

Summary of Assets Dec. 31, 1901. 

Stocks, bonds, etc., as per schedule, . . . $962,352 00 
Cash in the office of the company, . . . 136 00 

Cash deposited in bank, 73,744 29 

Interest due and accrued, 12,585 42 

Premiums in course of collection (gross), . 8,273 39 

Gross assets, $1,057,091 10 

Liabilities. 

Losses claimed and reported, .... $ 4,085 00 

Unearned premiums on outstanding risks, . 482,098 16 

State and local taxes 3,085 37 

Gross liabilities, 489,268 53 

Net cash assets, $ 567,822 57 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 



Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Interest and dividends received from all sources, 



$8,886 94 
998,207 05 

$1,007,093 99 
8,273 39 



$998,820 60 
30,689 79 



$968,130 81 
37,852 95 



Gross cash income, $1,005,983 76 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for inspections, .... 
for incidentals, .... 



Gross cash expenditures, 



$29,294 83 

837,608 81 

25,265 00 

9,890 54 

2,701 67 

15,317 78 

7,150 57 

$927,229 20 



ATLAS MUTUAL INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Contlng't Prem's. 

Risks outstanding Dec. 31, 1900, $117,829,110 00 $902,777 14 $4,513,885 70 
Risks written during 1901, . 130,267,778 00 998,207 05 4,991,035 25 



Total, . . . .$248,096,888 00 $1,900,984 19 $9,504,920 95 
Risks terminated during 1901, 123,234,681 00 936,787 87 4,683,939 35 



In force at end of year, . .$124,862,207 00 $964,196 32 $4,820,981 60 

Miscellaneous. 

Losses incurred during the year, $33,518 00 

Profits or surplus returned during 1901, 92^q per cent. 



ATLAS MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated February, 1892. Commenced business June 15, 1892.] 
JOHN A. PRAY, President. JOHN C. RANDALL, Secretary. 

Office^ 2 Mason Building, 

Summary of Assets Dec. 31, 1901. 
Cash deposited in bank, .... ... $21,49362 

Liabilities. 

Unearned premiums on outstanding risks, . $17 40 

Miscellaneous, 35 

Gross liabilities, 17 75 

Net cash assets, $21,475 87 

Income. 

Cash premiums received, $34 80 

Interest and dividends received from all sources, . . . 308 26 

Gross cash income, # . . . $343 06 

Expenditures. 

Cash paid for losses, $721 72 

Deduct salvage and reinsurance, . . . 152 55 

Net cash paid for losses, $569 17 

Cash paid for salaries of officers and employees, . . . 916 74 

for State and local taxes, 35 

for rents and incidentals, 510 00 



Gross cash expenditures, $1,996 26 



* 



ATTLEBOROUGH MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 



Risks outstanding Dec. 31, 1900 
Risks written during 1901, 

Total 

Risks terminated during 1901, 

In force at end of year, . 



Amount. 

$17,750 00 
11,000 00 

$28,750 00 
17,750 00 

$11,000 00 



Cash Prem's. Contlng't Prem's. 

$51 95 $155 85 

34 80 104 40 



$86 75 
51 95 

$34 80 



$260 25 
155 85 

$104 40 



ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY, 

ATTLEBOROUGH. 

[Incorporated Feb. 24, 1844. Commenced business July, 1845.] 
EVERETT S. CAPRON, President. HARRY E. CARPENTER, Secretary. 



Amount of permanent fund Dec. 31, 1901, .... 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. 

Attleborough town bonds, .... $ 3,000 00 

Pawtucket city bonds 2,000 00 



$16,901 35 



Market Value. 

$3,510 00 
2,300 00 



$5,000 00 $5,810 00 

Summary of Assets Dec. 31, 1901. 

Loans on mortgage of real estate (first liens*), $ 26,750 00 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash loans, .... 
Cash in the office of the company, 
Cash deposited in bank, . 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, 

Net cash assets, $31,369 82 

Income. 
Premiums outstanding Dec. 31, 1900, 



336 76 




5,810 00 




300 00 




21 26 




5,540 42 




677 09 






139,435 53 




. 


8,065 71 



Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 



f 444 20 
4,041 04 

f4,485 24 
677 09 

$3,808 15 
193 85 



$3,614 30 



* Value of lands mortgaged 

Value of buildings tbereon, 

Amount of insurance held as collateral, . 



$19,000 00 
40,200 00 
37,000 00 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



Received for extra premiums, 

Interest received on mortgages, .... 
Interest and dividends received from all other sources, 

Income from rents, 

Income from profit on sale of real estate, 



Gross cash income, 



Expenditures. 

Cash paid for losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, 



Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1900, $2,340,368 00 
Risks written during 1901, . 575,270 00 



Total, $2,915,638 00 

Risks terminated during 1901, . 560,955 00 



Cash Prem's. 

$15,236 07 
4,041 04 

$19,277 11 
3,485 54 



$58 98 


966 68 


134 50 


42 00 


900 00 



$5,716 46 



$736 


19 


197 


12 


911 


03 


124 66 


36 


00 


146 


81 



$2,151 81 



Conting't Prem's. 

$30,472 14 
8,082 08 

$38,554 22 
6,971 08 



In force at end of year, . . $2,354,683 00 

Miscellaneous. 
Losses incurred during the year, 



$15,791 57 $31,583 14 



$336 00 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY, 

YARMOUTHPORT. 

[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.] 
ALPHONSO L. WEEKES, President. JOHN H. CLARK, Secretary. 



Amount of permanent fund, 



Detailed Statement of Stocks, 

20 shares State National Bank, Boston, 

6 

5 
15 
15 
10 
10 
50 
63 
68 
10 



National Shawmut Bank, Boston, 
Nat'l Bank of the Republic, Boston 
Nat'l Bank of Redemption, Boston, 
First National Bank, Yarmouth, 
First National Bank, Hyannis, 
Falmouth National Bank, 
Massachusetts Real Estate Co., 
Old Colony Railroad, 
Union Pacific Railroad, . 
Southern Pacific Railroad, 



Bonds, etc. 

Par Value. 

$2,000 00 

600 00 

500 00 

1,500 00 

1,500 00 

1,000 00 

1,000 00 

2,000 00 

6,300 00 

6,600 00 

600 00 



$57,365 80 



Market Value. 

$2,460 00 

1,440 00 

750 00 

2,250 00 

1,800 00 

1,000 00 

1,000 00 

700 00 

13,167 00 

6,892 00 

600 00 



10 



BARNSTABLE COUNTY MUTUAL FIBE INSURANCE CO. 



10 shares N. Y., New Haven & Hartford R.R., 

40 " West End Street Railway, 

Bell Telephone Company bonds, 

Erie Telephone Company bonds, 

St. Louis Terminal R.R. Asso. bonds, 

Fall River city bond, 

Boston & Maine Railroad bonds, 

Fitchburg Railroad bonds, 

Iowa Falls & Sioux City Railroad bonds 

Chicago & E. Illinois Railroad bonds, 

Oregon Short Line Railroad bonds, 

Illinois Steel Company bonds, 

United States consols, 

Farm mortgage bonds, 

Atchison, Topeka & Santa Fe R.R. bonds 

Illinois Central R.R. bonds, 

Massachusetts State bonds, 



Par Value. 

1 1,000 00 
4,000 00 
4,000 00 
4,000 00 
3,000 00 
1,000 00 

12,000 00 
4,000 00 
2,000 00 
2,500 00 
500 00 
1,000 00 
1,500 00 
100 00 
1,000 00 
2,000 00 
1,000 00 



Summary of Assets Dec. 31, 1901. 

Cash value of unencumbered real estate, . $2,000 00 

Loans on mortgage of real estate (first liens *) , 1,250 00 

Stocks, bonds, etc , as per schedule, . . 82,474 00 

Cash loans, 10,798 00 

Cash in the office of the company, . . . 330 43 

Cash deposited in bank, 7,895 59 

Interest due and accrued, 1,459 80 

Gross assets, 

Liabilities. 

Losses claimed and reported, .... $1,900 00 

Unearned premiums on outstanding risks, . 67,609 23 

Profits or surplus on terminated policies, unpaid, 801 75 

State and local taxes, 59 80 

Gross liabilities, 



Market Value. 
$2,110 00 

4,120 00 
3,960 00 
4,200 00 
3,435 00 
1,060 00 
13,800 00 
4,260 00 
2,680 00 
3,045 00 
590 00 
1,010 00 
1,680 00 
100 00 
1,030 00 
2,240 00 
1,095 00 



$68,200 00 $82,474 00 



$106,207 82 



70,370 78 



Net cash assets, 

Income. 

Cash premiums received, 

Received for extra premiums, 

Interest received on mortgages, .... 
Interest and dividends received from all other sources, 



$35,837 04 



$37,272 69 
1,13 

58 50 
5,231 26 



Gross cash income, $43,696 47 

* Value of lands mortgaged, $500 00 

Value of buildings thereon, 2,800 00 

Amount of insurance held as collateral, .... "2,700 00 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



11 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for incidentals, .... 



$10,088 07 


20,039 


90 


6,075 


50 


393 


67 


709 


29 



Gross cash expenditures, $37,306 43 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's . 

Risks outstanding Dec. 31, 1900, $7,474,959 00 $131,577 26 $394,731 78 

Risks written during 1901, . 2,086,976 00 37,272 69 111,818 07 



Total, $9,561,935 00 $168,849 95 $506,549 85 

Risks terminated during 1901, . 2,082,277 00 37,836 97 113,510 91 



In force at end of year, . . $7,479,658 00 $131,012 98 $393,038 94 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 50 and 60 per cent. 



$10,588 00 



BERKSHIRE MUTUAL FIRE INSURANCE COMPANY, 

PITTSFIELD. 

[Incorporated March, 1835. Commenced business August, 1835.] 

FRANK W. HINSDALE, President. JOHN M. STEVENSON, Secretary. 

Amount of permanent fund, $57,271 91 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Western Union Telegraph Co. bonds, . . $1,000 00 $1,120 00 

Chicago & Western Indiana R.R. bonds, . . 5,000 00 5,900 00 

Baltimore & Ohio Railroad bonds, . . . 2,000 00 1,940 00 

St. Paul & Sioux City Railroad bonds, . . 1,000 00 1,260 00 

Pittsfield Elec. Street R'y Co. bonds, . . 2,500 00 2,500 00 

Adams Express Co. bonds, .... 10,000 00 10,000 00 

Chicago, Burlington & Quincy R.R. bonds, . 1,000 00 1,000 00 

Pittsfield Cemetery bonds, .... 4,000 00 4,000 00 

American Tel. & Telegraph Co. bonds, . . 8,000 00 8,000 00 

Baltimore & Ohio Railroad stock, ... 200 00 194 00 

100 shares Boston & Albany R.R., . . . 10,000 00 26,000 00 

25 « N. Y. Cent. & Hudson R. R.R., . 3,200 00 5,216 00 

19 " New Hampshire Trust Co., . . 1,900 00 570 00 



12 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



100 shares Adams Express Co., 

55 " Pittsfield Nafl Bank, Pittsfield, 

10 " Agricultural Nat'l B'k, Pittsfield, 

12 " Third National Bank, Pittsfield, 

15 " First National Bank, Adams, . 

16 " Adams Natl Bank, North Adams, 
10 " Lenox Nat'l Bank, Lenox, 

4 " Lee National Bank, . 



Par Value. 

$10,000 00 
5,500 00 
1,000 00 
1,200 00 
1,500 00 
1,600 00 
1,000 00 
400 00 



Market Value. 
$19,200 00 

8,250 00 
2,700 00 
2,520 00 
1,650 00 
2,000 00 
1,400 00 
700 00 



$72,000 00 $106,120 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



31, 1901. 

$14,500 00 

106,120 00 

1,926 05 

3,906 89 

208 68 

3,085 11 

121 50 



$129,868 23 



Liabilities. 

Losses claimed and reported, .... 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Profits or surplus on terminated policies, unpaid, 
Due and accrued for rent, salaries, etc., . 

State and local taxes, 

Commissions and brokerage, .... 
Gross liabilities, 



Net cash assets, 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



$550 00 




67,277 98 




46 47 




1,135 26 




225 00 




82 18 




409 83 






fiQ 70fi 79 








$60 ; U1 51 


$3,829 39 




37,534 35 




$41,363 74 




3,085 11 





Total, 

Premiums now in course of collection, 



Entire premiums collected, .... $38,278 63 
Less reinsurance and return premiums, . . 3,239 54 

Net cash premiums received, .... $35,039 09 

Received for extra premiums, 355 69 

Interest and dividends received from all sources, . . . 4,094 69 

Income from rents, 1,077 06 

Gross cash income, $40,566 53 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 13 



Expenditures. 

Cash paid for losses, .... 

Deduct reinsurance, 

Net cash paid for losses, .... 
Cash paid as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, .... 

for repairs on real estate, 

for incidentals, 
Borrowed money repaid, . 

Gross cash expenditures, . 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1900, $9,516,454 00 
Risks written during 1901, . 2,635,132 00 



$8,503 49 
1,383 85 



Total, . . . . 
Risks terminated during 1901, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 





$7,119 64 




15,313 20 




4,586 76 




3,266 00 




457 69 




450 00 




242 27 




2,020 07 


$3,000 00 




• ■ • 


$33,455 63 


Cash Prem's. 


Conting't Prem's. 


$136,665 69 


$136,665 69 


37,534 35 


37,534 35 



$12,151,586 00 
2,401,636 00 

$9,749,950 00 
418,158 00 



$174,200 04 
34,109 26 

$140,090 78 
5,740 40 



$174,200 04 
34,109 26 

$140,090 78 
5,652 09 



$9,331,792 00 $134,350 38 $134,438 69 



Miscellaneous. 

Losses incurred during the year, $7,670 00 

Profits or surplus returned during 1901, 20, 40 and 60 per cent. 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY, BOSTON. 

[Incorporated March 15, 1850. Commenced business Oct. 15, 1850.] 
EDWARD ATKINSON, President. FRANCIS E. ROBINSON, Secretary. 

Office, 31 Milk Street. 



Detailed Statement of Stocks, Bonds, etc. 



Massachusetts State bonds, 
Old Colony R.R. bonds, . 
Boston & Albany R.R. bonds, 
Brookline town notes, 
Boston & Maine R.R. bonds, 
Pennsylvania R.R. Co. bonds, 



Par Value. 

$250,000 00 
120,000 00 
50,000 00 
20,000 00 
50,000 00 
50,000 00 



Market Value. 

$267,631 25 

131,650 00 

53,500 00 

20,000 00 

63,250 00 

54,725 00 



14 BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 



N. Y. Central R.R. bonds, 

Boston city bonds, 

Eastern R.R. bonds, 

United New Jersey Railway & Canal Co. bonds 
Boston & Lowell R.R. bonds, . 
Phila., Wil. & Baltimore R.R. bonds, 
West End Street Railway Co. bonds, 
Illinois Central R.R. bonds, 
Chicago, Rock Island & Pacific R.R. bonds, 
N. Y., New Haven & Hartford R.R. bonds, 
Great Northern Pacific bond, . 



Par Value. 

$100,000 00 
40,000 00 
25,000 00 
50,000 00 
75,000 00 
40,000 00 
50,000 00 
30,000 00 
20,000 00 
20,000 00 
10,000 00 



Market Value. 

$118,250 00 
40,775 00 
27,750 00 
58,500 00 
77,937 50 
42,800 00 
53,500 00 
31,650 00 
21,000 00 
21,000 00 
9,650 00 



$1,000,000 00 $1,093,568 75 

Summary of Assets Dec. 31, 1901. 

Stocks, bonds, etc., as per schedule, . . $1,093,568 75 

Cash loans, 4,411 88 

Cash in the office of the company, . . . 13,974 37 

Cash deposited in bank, 40,691 56 

Interest due and accrued, 13,424 15 

Gross assets, $1,166,070 71 

Liabilities. 

Losses claimed and reported, .... $3,369 00 

Unearned premiums on outstanding risks, . 566,250 28 

State and local taxes, 3,711 72 

Gross liabilities 573,331 00 



Net cash assets, $592,739 71 



Income. 

Premiums on risks written or renewed, . 
Less reinsurance and return premiums, . 
Net cash premiums received, . . . . — 
Interest and dividends received from all sources, 



$1,175,498 22 
35,925 82 



$1,139,572 40 
38,741 47 



Gross cash income, $1,178,313 87 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for inspections, .... 
for incidentals, .... 



$48,525 09 
945,284 61 
40,189 96 
11,480 76 
3,203 51 
17,866 80 
13,059 93 



Gross cash expenditures, . 



$1,079,610 66 



BRISTOL COUNTY MUTUAL FIRE INSURANCE CO. 



15 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prems. 

Risks outstand'g Dec. 81, 1900, $137,438,173 00 $1,033,329 15 $5,166,645 75 

Risks written during 1901, . 155,958,902 00 1,175,498 22 5,877,49110 



Total, . . . .$293,397,075 00 $2,208,827 37 $11,044,136 85 
Risks terminated during 1901, 144,596,715 00 1,076,326 80 5,381,634 00 



In force at end of year, . .$148,800,360 00 $1,132,500 57 $5,662,502 85 

$51,894 00 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 90^ per cent. 



$3,366 07 



BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY, 

NEW BEDFORD. 

[Incorporated Feb. 13, 1829. Commenced business July 4, 1829.] 

JAMES TAYLOR, President. GEO. N. ALDEN, Secretary. 

[Note. — Policies are all issued for five years, ten per cent, of the premium note being 
received in cash at the time of issuing the policy. The notes are assessed as necessity 
requires. No cash funds are accumulated.] 



Summary of Assets Dec. 31, 1901. 

Cash in the office of the company, . . . $40 31 

Cash deposited in bank, 3,263 41 

Premiums in course of collection (gross), . 62 35 

Gross assets, 

Liabilities. 

State and local taxes, 

Commissions and brokerage, .... 
Gross liabilities, 

Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash premiums received, .... 
Received for extra premiums, .... 
Interest and dividends received from all sources, 
Income from fees, 



$2 62 
9 38 



$278 69 
2,729 00 

$3,007 69 
62 35 

$2,945 34 
111 54 



f 12 00 



<§Z)<jdd 


80 


16 


50 


46 


74 


8 00 



Gross cash income, 



$2,905 04 



16 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1900, . . . $2,027,955 00 
Risks written during 1901, .... 399,755 00 

12,427,710 00 
501,950 00 



Total, 

Risks terminated during 1901, . 

In force at end of year, . 

Miscellaneous 
Losses incurred during the year, 



|368 


53 


176 


36 


1,100 00 


29 


13 


244 


12 


fl,908 


14 


Conting't Prem'«. 


S 136,389 


00 


27,290 00 



$163,679 00 
34,336 00 



? 1,925,760 00 $129,343 00 



$159 00 



CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY, 

CAMBRIDGE. 

[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.] 
DANA W. HYDE, President. ALFRED L. BARBOUR, Secretary. 

Amount of permanent fund, $130,688 77 



Detailed Statement of Stocks, 



Cambridge city bonds, 
West End Street Railroad bonds, 
Highland Street Railroad bonds, 
North Packing Co. bonds, 
Eastern Railroad bonds, . 
Boston & Lowell R.R. bonds, . 
Fitchburg Railroad bonds, 
N. Y., N. H. & Hartford R.R. bonds, 
15 shares National City Bank, Cambridge, 
1 share Framingham National bank, 



Bonds, etc. 

Par Value. 

$5,000 00 
5,000 00 
4,000 00 
5,000 00 
1,500 00 
5,000 00 
9,000 00 

10,000 00 

1,500 00 

100 00 



Summary of Assets Dec. 31, 1901. 

Cash value of unencumbered real estate, . 868,800 00 
Loans on mortgage of real estate (first liens *), 97,733 00 



Market Value. 

$5,510 00 
5,000 00 
4,200 00 
5,000 00 
1,700 00 
5,640 00 
9,890 00 

11,800 00 

2,250 00 

140 00 



$46,100 00 $51,130 00 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$]s:,600 oo 

117,700 00 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 



17 



Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 

Cash loans, 

Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, $7,967 36 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid 
Commissions and brokerage, . 

Gross liabilities, 



Net cash assets, 



$1,724 46 

50,457 50 

3,000 00 

2,221 39 

5,385 06 

563 58 

16,049 08 

803 83 



$4,692 19 

1,200 00 

175,879 79 

9,459 42 

2,407 35 



Income. 

Premiums outstanding Dec. 31, 1900, . . $ 23,559 27 
Same not collected, 1,862 36 

Net collected, $ 21,696 91 

Premiums on risks written or renewed, . . 108,76105 

Total, $130,457 96 

Premiums now in course of collection, . . 24,016 44 

Entire premiums collected, .... $106,441 52 
Less reinsurance and return premiums, . . 4,873 47 

Net cash premiums received, .... 

Received for extra premiums, 

Interest received on mortgages, .... 
Interest and dividends received from all other sources, 
Income from rents, 



Gross cash income, 



Expenditures. 
Cash paid for losses, 

as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, .... 

for expense on real estate, 

for incidentals, 

Borrowed money repaid, . 

Gross cash expenditures, . 



$7,000 00 



$246,737 90 



193,638 75 
$53,099 15 



$101,568 05 

538 18 

3,500 51 

2,844 32 

6,957 89 

$115,408 95 

$30,381 52 

40,936 29 

14,688 56 

10,305 00 

1,178 57 

1,000 00 

4,665 22 

6,203 59 



$109,358 75 



18 citizens' MUTUAL INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1900, §22,305,619 00 $352,62108 *352,6i 

Risks written during 1901, . 6,780,783 00 108,761 05 108,761 05 



Total, f 29,086,402 00 8161,382 13 $461,382 13 

Risks terminated during 1901, . 6,589,257 00 104,560 87 104,560 87 



In force at end of year, . .$22,497,145 00 8356,82126 8356,82126 
Deduct amount reinsured, . 102,883 00 1,605 15 1,605 15 



Net amount in force, .' .§22,394,262 00 8355,216 11 8355,216 11 

Miscellaneous. 

Losses incurred during the year, $ 31,992 00 

Profits or surplus returned during 1901, 20, 40 and 60 per cent. 



CITIZENS 1 MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 7, 1S46. Commenced business Oct. 6, 1S46.] 
HENRY C. BIGELOW, President. T. WALLACE TRAVIS, Secretary. 

Office, S Exchange Place. 
Amount of permanent fund, $174,441 91 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

20 shares Hide & Leather Natl Bank, . . ? 2,000 00 ?2,700 00 

Butchers 1 S. & M. Association bonds, . . 4,000 00 4,000 00 

Denver Land & Security Co. bonds, . . 1,800 00 1,800 00 



$7,800 00 $8,500 00 

Summary of Assets Dec. 31, 1901. 

Cash value of unencumbered real estate, . §24,000 00 

Loans on mortgage of real estate (first liens *), 289,965 00 

Interest due or accrued thereon, . . . 3,945 77 

Stocks and bonds, as per schedule, . . . 8,500 00 

Cash loans 1,200 00 

Cash in the office of the company, . . . 1,551 67 

Cash deposited in bank, 7,749 57 

Interest due and accrued, 83 38 

Premiums in course of collection (gross), . 3,649 43 

Rents due and accrued, 290 00 

Gross assets, f 340,93. 

* Value of lands mortgaged, £141,950 00 

Value of buildings thereon 41S,100 00 

Amount of insurance held as collateral, .... 353,250 00 



citizens' MUTUAL INSURANCE CO. 



19 



Gross cash income, 



Liabilities 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid 
Commissions and brokerage, . 

Gross liabilities, .... 

Net cash assets, . . . 

Income 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 



$1,550 00 

192,815 88 

3,390 71 

548 05 



Expenditures. 



Cash paid for losses, . . • 

Deduct reinsurance, 

Net cash paid for losses, .... 

Cash paid as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for repairs on real estate, 
for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1900, $29,981,985 00 
Risks written during 1901, . 6,301,318 00 



$4,322 46 
85,304 13 

$89,626 59 
3,649 43 



,977 16 
4,063 60 



sources, 



$21,126 67 
36 60 



$198,304 64 
$142,630 18 



$8.1,913 56 

801 44 

14,458 24 

897 98 

918 00 

$98,989 22 



Total, $36,283,303 00 

Risks terminated during 1901, . 6,773,243 00 



In force at end of year, 
Deduct amount reinsured, 



.$29,510,060 00 
68,700 00 



Cash Prem's. 

$413,589 01 
85,304 13 

$498,893 14 
92,899 15 

$405,993 99 
977 40 



$21,090 07 

45,431 96 

12,702 09 

8,859 30 

1,419 88 

2,100 00 

459 86 

3,065 04 

$95,128 20 



Conting't Prem's. 

$413,589 01 
85,304 13 

$498,893 14 
92,899 15 

$405,993 99 
977 40 



Net amount in force, . .$29,441,360 00 $405,016 59 $405,016 59 



20 



COHASSET MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 20, 40 and 60 per cent. 



$22,677 00 



COHASSET MUTUAL FIRE INSURANCE COMPANY, COHASSET. 

[Incorporated March 18, 1845. Commenced business March 16, 1846.] 
CALEB F. NICHOLS, President. PHILANDER BATES, Secretary. 

Summary of Assets Dec 31, 1901. 



3 shares Merchants Nat'l Bank stock, 

Cash deposited in bank, 

Premiums in course of collection (gross), 
Office furniture, . . . . $60 00 
Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, 



Balance against company, . 

Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 



Expenditures. 

Cash paid for, losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 



$525 00 

289 '62 

55 68 



$22 68 
1,181 85 



$1,204 53 
55 68 


$1,148 85 
88 71 



Interest and dividends received from all sources, . 
Gross cash income, 



$870 30 



2,673 42 



$1,803 12 



$1,060 


14 


6 


15 


29 


93 



$1,096 22 



$435 00 


474 70 


241 22 


10 09 


50 00 


4 07 



Gross cash expenditures, 



$1,215 08 



COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 21 



Risks and Premiums. 



Risks outstanding Dec. 31, 1900 
Risks written during 1901, 

Total, .... 
Risks terminated during 1901, 

In force at end of year, . 



Amount. 

$354,725 00 
73,665 00 

$ 428,390 00 
84,640 00 



Cash Prem's. Conting't Prem's. 

$5,492 05 $14,045 00 



1,181 85 

$6,673 90 
1,347 30 



$343,750 00 $5,326 60 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 15, 30 and 50 per cent. 



2,363 70 

$16,408 70 
3,890 06 

$12,518 64 
$435 00 



COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSUR- 
ANCE COMPANY, BOSTON. 

[Incorporated Oct. 19, 1875. Commenced business Oct. 20, 1875.] 
M. V. B. JEFFERSON, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 



Detailed Statement 



Chicago Terminal Transfer RR. bonds, 
New England Tel. & Tel. Co. bonds, 
American Bell Telephone Co. bonds, 
Bangor & Aroostook R.R. bonds, 
American Writing Paper Co. bonds, 
American Tel. & Tel. Co. bonds, 
Fitchburg Railroad bonds, 
Chicago, Burl. & Quincy R.R. bonds, 
Maine Central R.R. bonds, 
Portland & Ogdensburg R.R. bonds, 
Lynn & Boston Street R.R. bonds, . 
Boston & Lowell R.R. bonds, . 
N. Y. Cent. & Hudson River R.R. bonds, 
West End Street R'y bonds, . 



of Bonds. 

Par Value. 

$20,000 00 
38,000 00 
15,000 00 
15,000 00 
5,000 00 
20,000 00 
18,000 00 
10,000 00 
26,000 00 
10,000 00 
10,000 00 
10,000 00 
15,000 00 
25,000 00 



Market Value. 

$18,000 00 
39,250 00 
14,925 00 
17,850 00 
3,400 00 
19,900 00 
19,980 00 
10,850 00 
28,860 00 
10,800 00 
10,500 00 
10,250 00 
14,700 00 
26,212 50 



$237,000 00 $245,477 50 



Summary of Assets Dec. 31, 1901. 



Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets 



$245,477 50 

7,426 24 

14,151 09 

3,569 74 

11,138 55 



$281,763 12 



22 COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 



Liabilities. 

Losses adjusted, unpaid, 845,937 28 

Unearned premiums on outstanding risks, . 175,716 18 

State and local taxes, 658 52 

Gross liabilities, 



$222,311 98 



Net cash assets, 



►,461 14 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



89,470 46 
365,580 36 



Total, $375,050 82 

Premiums now in course of collection, . . 11,138 55 

Cash premiums received, 1 363,9 12 27 

Interest and dividends received from all sources, . . . 12,776 43 



Gross cash income, . 



. 8376,688 70 



Expenditures. 

Cash paid for losses, . . . 

as profits on terminated policies, . 

for salaries of officers and employees, 

for State and local taxes, 

for joint office expenses, . 

for inspections, .... 

for incidentals, .... 

Gross cash expenditures, .... 



•5138324 03 

285,135 53 

7,511 67 

5,002 40 

10,946 10 

12,608 77 

L956 47 

8461,984 97 



Risks and Premiums. 

Amount. Cash Prem's. Contingt Prem's. 

Risks outstanding Dec. 31, 1900, $45,586,009 00 §391,957 20 11,959,786 00 

Risks written during 1901, . 42,279,361 00 365,580 36 1,827,901 80 



Total, $87,865,370 00 $ 757,537 56 §3,787,687 80 

Risks terminated during 1901, . 50,735,532 00 406,105 20 2,030,526 00 



In force at end of year, . . $37,129,838 00 $351,432 36 §1,757,161 80 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1901, 68£ per cent. 



$183,788 00 



DEDHAM MUTUAL FIRE INSURANCE CO. 



23 



DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 22, 1837. Commenced business July 1, 1837.] 
J. WHITE BELCHER, President. JAMES Y. NOYES, Secretary. 



Amount of permanent fund, 



Detailed Statement of Stocks 



Boston city bonds, 

Cincinnati city bonds, 

Salem city bonds, 

Lynn city bonds, 

Fitchburg Railroad bonds, 

Boston & Lowell Railroad bonds, . 

Eastern Railroad bonds, .... 

Boston & Maine Railroad bonds, 

Kan. City, St. Jos. & Coun. Bluffs R.R. bonds 

Atch., Topeka & Santa Fe R.R. bonds, . 

Lombard Investment Co. bonds, 

New England Mortgage Security Co. bonds, 

Newport & Richford Railroad bonds, 

Philadelphia & Reading R.R. bonds, 

Union Pacific Railway bonds, . 

St. Johnsbury & Lake Champlain R.R. bonds 

N. Y., New Haven & Hartford R.R. bonds, 

N. H. Trust Co. bonds 

Western Security Co. bonds, . 

12 shares Dedham National Bank stock, 
32 " Dedham Water Co. stock, 

128 " Atch., Top. & Santa Fe R.R. stock 
50 " Union Pacific Railway stock, . 

13 " Lombard Liquidation Co. stock, 



and Bonds. 

Par Value. 

$2,000 00 
6,000 00 
3,000 00 
3,000 00 
5,000 00 

11,000 00 
1,000 00 
6,000 00 
2,000 00 

12,000 00 
1,580 00 
2,000 00 
8,000 00 
5,000 00 
3,500 00 
6,000 00 
5,000 00 

. 3,000 00 
6,000 00 
1,200 00 
3,200 00 

12,800 00 

5,000 00 

65 00 



,765 77 



Market Value. 

$2,240 00 

6,000 00 

3,150 00 

3,360 00 

5,357 50 

12,346 25 

1,130 00 

7,500 00 

2,300 00 

11,600 00 

400 00 

2,000 00 

8,856 25 

6,350 00 

3,500 00 

7,500 00 

5,450 00 

1,500 00 

600 00 

1,200 00 

3,200 00 

11,550 00 

4,250 00 

65 00 



$113,345 00 $111,405 00 



Summary of Assets Dec 

Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



31, 1901. 

$37,300 00 
1,223 84 

111,405 00 
1,194 26 
2,946 23 
1,424 67 
3,242 10 



$158,736 10 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$25,600 00 
47,500 00 
47,650 00 



24 



DEDHAM MUTUAL FIRE INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Profits or surplus on terminated policies, unpaid 
Commissions and brokerage, . 

Gross liabilities 



Net cash assets, 



8566 87 

49,449 64 

166 72 

2,624 70 

486 31 



$53,293 24 
$105,442 86 



Income. 
Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 

Expenditures. 



$3,372 76 
31,136 27 

834,509 03 
3,242 10 

$31,266 93 
278 20 



Cash paid for losses, 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1900, $6,254,777 00 
Risks written during 1901, . 2,041,278 00 



130,988 73 
1,798 50 
5,085 06 

$37,872 29 



$13,154 53 

14.045 60 

4,509 66 

4,472 94 

361 50 

395 00 

931 26 

$37,870 49 



Cash Prem's. Conting't Prem's. 

$96,786 72 £96,786 72 
31,136 27 31,136 27 



Total, $8,296,055 00 

Risks terminated during 1901, . 1,902,484 00 



127,922 99 §127.922 99 
29,976 44 29,976 44 



In force at end of year, 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 25, 50 and 70 per cent. 



,393,571 00 $97,946 55 ?97,946 do 

$13,601 00 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



25 



DORCHESTER MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated February, 1855. Commenced business July, 1855.] 
THOMAS F. TEMPLE, President. W. D. C. CURTIS, Secretary. 

Office, Neponset. 



Amount of permanent fund, 



. $200,000 00 



Detailed Statement of Stocks and Bonds. 

Par Value.. Market Value. 

Fitchburg R.R. bonds, $22,000 00 $24,200 00 

Chicago, Burlington & Quincy R.R. bonds, . 10,000 00 11,075 00 

56 shares Blue Hill National Bank, . . 5,600 00 5,880 00 

8 " Hide and Leather National Bank, . 800 00 1,000 00 

10 " New England National Bank, . 1,000 00 1,500 00 

33 " State National Bank, . . . 3,300 00 4,026 00 

10 " Mt. Wollaston National Bank, . 1,000 00 1,400 00 

5 " Granite National Bank, ... 500 00 650 00 

5 " Weymouth National Bank, . . 500 00 550 00 

304 " Boston & Albany Railroad, . . 30,400 00 79,344 00 

273 " Old Colony Railroad, . . . 27,300 00 57,330 00 

75 " Boston & Maine Railroad, . . 7,500 00 14,325 00 

56 " Boston & Lowell Railroad, . . 5,600 00 13,496 00 

96 " Chad wick Boston Lead MTg Co., . 9,600 00 9,600 00 

300 " International Trust Co., . . . 30,000 00 90,000 00 



$155,100 00 $314,376 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Cash deposited in bank, . 

Premiums in course of collection (gross) 

Rents due and accrued, 

Gross assets, .... 



31, 1901. 

$29,800 00 

15,400 00 

550 00 

314,376 00 

8,636 66 

18,057 30 

120 00 



$386,939 96 



Liabilities. 
Losses claimed and reported, .... $700 00 

Unearned premiums on outstanding risks, . 241,471 11 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$9,000 00 
12,800 00 
15,000 00 



26 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



Profits or surplus on terminated policies, unpaid, £2,345 00 

Commissions and brokerage, .... 2,354 00 

Gross liabilities, .... 

Net cash assets, .... 



Income 

Premiums outstanding Dec. 31, 1900, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 



Gross cash income, 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employ 
for State and local taxes, 

for rents, 

for repairs on real estate, 

for interest on borrowed money, 

for incidentals, 

Borrowed money repaid, .... 

Gross cash expenditures, . 



$20,958 94 
1,125 00 

$19,833 94 
160,775 54 

$180,609 48 
18,057 30 

$162,552 18 
2,949 54 



sources, 



ees, 



$16,201 31 



$246,870 11 
$140,069 85 



$159,602 64 

821 13 

2,300 00 

12,693 70 

1,085 00 

$176,502 47 



$50,649 04 

55,281 81 

24,536 02 

9,110 42 

3,521 65 

600 00 

350 00 

600 00 

3.261 49 



$147,910 43 



Risks and Premiums. 

Amount. Cash Prems. Conting't Prem's. 

Risks outstanding Dec. 31, 1900, $29,317,435 00 $4:55,744 31 $455,744: 31 

Risks written during 1901, . 9,922,137 00 160,775 54 160,775 54 



Total, .... $39,239,572 00 $616,519 85 $616,519 85 
Risks terminated during 1901, 8,931,712 00 138,198 70 138,198 70 



In force at end of year, . . $30,307,860 00 $478,32115 $478,32115 



FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO. 27 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 20, 40 and 60 per cent. 



$47,824 00 



FALL RIVER MANUFACTURERS' MUTUAL INSURANCE 
COMPANY, FALL RIVER. 

[Incorporated Feb. 11, 1870. Commenced business May 1, 1870.] 
THOMAS J. BORDEN, President. CHARLES S. WARING, Secretary. 



Detailed Statement of 



Taunton city bonds, . 
Fall River city bonds, 
Boston city bonds, 
Newport (R. I.) city bonds, 
Cleveland (O.) city bonds, 
Boston & Lowell R R. bonds, 
Boston & Providence R.R. bonds, 
Concord & Montreal R.R. bonds, 
Chicago, Burl. & Quincy R.R. bonds 
Phila., Wilm. & Bait. R.R. bonds, 
Old Colony R.R. bonds, . 
Boston & Maine R.R. bonds, 
West End Street Railway bonds, 



Bonds. 

Par Value. 

$15,000 00 
21,000 00 
40,000 00 
20,000 00 
25,000 00 
30,000 00 
20,000 00 
15,000 00 
15,000 00 
20,000 00 
30,000 00 
10,000 00 
70,000 00 



Market Value. 

$16,875 00 
22,850 00 
43,000 00 
22,600 00 
27,875 00 
31,150 00 
21,800 00 
16,350 00 
16,575 00 
21,800 00 
34,350 00 
11,550 00 
74,400 00 



$331,000 00 $361,175 00 



Summary of Assets Dec. 31, 1901. 



Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross) , 
Gross assets, 



$361,175 00 

3,498 88 

30,736 15 

4,738 58 

1,250 93 



$401,399 54 



Liabilities. 

Losses claimed and reported, .... $963 00 

Unearned premiums on outstanding risks, . 174,672 02 

State and local taxes, 1,083 45 

Gross liabilities, 



176,718 47 



Net cash assets, $224,681 07 



28 FITCHBURG MUTUAL FIRE INSURANCE CO. 



Income. 
Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 



$2,177 10 
361,265 54 

$363,442 64 
1,250 93 

$362,191 71 
10,473 33 



$351,718 38 

Interest and dividends received from all sources, . . . 13,055 28 



Gross cash income, $364,773 66 

Expenditures. 

Cash paid for losses, $11,575 13 

as profits on terminated policies, .... 293,300 13 

for salaries of officers and employees, . . . 11,535 96 

for State and local taxes, 3,341 99 

for rents, 529 00 

for inspections, 5,299 32 

for incidentals, 1,317 21 



Gross cash expenditures, $326,898 74 

Risks and Premiums. 

Amount. Cash Prem's. Contlng't Prem's. 

Risks outstanding Dec. 31, 1900, $40,763,962 00 $320,043 75 $1,600,218 75 
Risks written during 1901, . 45,804,136 00 361,265 54 1,806,327 70 



Total, $86,568,098 00 $681,309 29 $3,406,546 45 

Risks terminated during 1901, . 42,656,841 00 331,965 26 1,659,826 30 



In force at end of year, . .$43,911,257 00 $349,344 03 $1,746,720 15 

Miscellaneous. 

Losses incurred during the year, $12,538 00 

Profits or surplus returned during 1901, 91 t \ 8 q per cent. 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, 

FITCHBURG. 

[Incorporated March 23, 1847. Commenced business Sept. 1, 1847.] 
HENRY G. MORSE, President. LINCOLN R. WELCH, Secretary. 

Amount of permanent fund, . $106,226 50 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Fitchburg & Leominster Street R'y bonds, . 85,000 00 $5,700 00 

Investment Trust Co. of America bonds, . . 7,500 00 5,000 00 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



29 



Chic. & Northwestern R.R. bonds, . 

Northern Pacific R.R. bonds, . 

City of Rochester, N. Y., note, . 

10 shares Fitchburg National Bank, 

20 " Rollstone National Bank, . 

70 " Fitchburg Railroad, . 

15 " Springfield Safe Dep. & Trust Co , 

50 " Pullman Palace Car Co., . 

25 " N. Y., New Haven & Hart. R.R., 

10 " Boston & Maine R.R., 



Par Value. 

$10,000 00 
10,000 00 
10,000 00 
1,000 00 
2,000 00 
7,000 00 
1,500 00 
5,000 00 
2,500 00 
1,000 00 



Market Value. 

110,350 00 

10,450 00 

10,000 00 

1,500 00 

3,000 00 

10,185 00 

2,430 00 

11,000 00 

5,300 00 

1,910 00 



Securities held as collateral for cash loans 



80 shares' Simonds Manufacturing Co., . 
2 Fitchburg Savings Bank books, . 



$62,500 00 $76,825 00 



Market Value. Loaned Thereon. 

$ 12,000 00 $6,200 00 
1,659 00 1,600 00 



$13,659 00 $7,800 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks, bonds, etc , as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, . . ... 



$70,000 00 

34,675 00 

1,346 68 

76,825 00 

7,800 00 

1,271 19 

490 96 

1,593 45 

10,000 00 

340 50 



$204,342 78 



Liabilities. 

Losses adjusted, unpaid, $3,389 88 

Unearned premiums on outstanding risks, . 117,454 03 

Profits or surplus on terminated policies, unpaid, 1,276 00 

Due for borrowed money, .... 30,450 00 

Commissions and brokerage, .... 1,500 00 

Gross liabilities, 



154,069 91 



Net cash assets, $50,272 87 

* Value of lands mortgaged, $21,100 00 

Value of buildings thereon, 45,500 00 

Amount of insurance held as collateral, .... 42,540 00 



30 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



Income 
Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 
Income from miscellaneous, 



$ 10,138 85 
97,249 18 

8107,388 03 
10,000 00 

$97,388 03 
5,410 15 



other sources, 



691,977 88 

395 48 

1,562 03 

2,926 17 

4,154 41 

222 69 



Gross cash income, $101,238 66 



Expenditures. 

Cash paid for losses, 

Deduct reinsurance, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, 



$47,172 16 
91 77 



Gross cash expenditures, 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31,1900,817,993,121 00 $239,166 50 
Risks written during 1901, . 7,041,*859 00 97,249 18 



Total, $25,034,980 00 $336,415 68 

Risks terminated during 1901, . 6,841,667 00 104,647 28 



In force at end of year, . . $18,193,313 00 $231,768 40 
Deduct amount reinsured, . 298,578 00 4,279 93 



847,080 39 

22,486 33 

14,314 54 

6,760 18 

2,063 61 

1,200 00 

11,350 61 

$105,255 66 



Conting't Prem*s. 

$239,166 50 

97,249 18 

$336,415 68 

104,647 28 

$231,768 40 

4,279 93 



Net amount in force, . .817,894,735 00 $227,488 47 $227,488 47 



Miscellaneous. 

Losses incurred during the year, $43,992 00 

Profits or surplus returned during 1901, 20, 40 and 50 per cent. 



GROVELAND MUTUAL FIRE INSURANCE CO. 



31 



GROVELAND MUTUAL FIRE INSURANCE COMPANY, 

GROVELAND. 

[Incorporated March 28, 1828. Commenced business March 28, 1828.] 
HERSCHEL A. SPOFFORD, President. LOUIS A. WOODBURY, Secretary. 

[Note. — This company charges no cash premiums, but relies upon assessments on 
deposit notes to pay losses and expenses.] 



Summary of Assets Dec. 31, 1901. 
Cash deposited in bank, 



8414 42 



Income. 

Interest and dividends received from all sources, 

Income from policy fees, 

Assessments on deposit notes, .... 



Gross cash income, 



$23 


16 


308 00 


527 


72 



$858 88 



Expenditures. 
Cash paid for losses, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, .... 
Office furniture, 

Gross cash expenditures, .... 



$10 25 



$735 


78 


605 


02 


2 


80 


40 00 


86 53 



$1,470 13 



Risks and Premiums. 

Amount. Conting't Prem'a. 

Risks outstanding Dec. 31, 1900, . . . $1,628,023 00 $118,695 36 

Risks written during 1901, .... 361,365 00 29,094 00 



Total, 

Risks terminated during 1901, . 

In force at end of year, . 



.,989,388 00 $147,789 36 
307,762 00 21,738 20 



,681,626 00 $126,051 16 



Miscellaneous. 

Losses incurred during the year, $735 00 

Assessments laid on deposit notes or contingent premiums, . 528 00 



32 



HAMPSHIRE MUTUAL FIRE INSURANCE CO. 



HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY, 
NORTHAMPTON. 

[Incorporated March 6, 1830. Commenced business July 1, 1832.] 
CHARLES N. CLARK, President. OLIVER WALKER, Secretary' 

Amount of permanent fund, $27,523 66 



Detailed Statement of Stocks and Bonds 

63 shares Conn. River R.R., .... 
10 " Northampton Nat'l Bank, 
Conn. River R.R. scrip dividend, 
Northern Pacific Great Northern bonds, . 



Summary of Assets Dec 31, 1901. 

Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 

State and local taxes, 

Gross liabilities, 



Net cash assets, 



Par Value. 


Market Value. 


$6,300 00 


$17,955 00 


1,000 00 


2,000 00 


1,000 00 


1,000 00 


6,000 00 


5,880 00 


$14,300 00 


$26,835 00 


., 1901. 




$21,200 00 




451 13 




26,835 00 




214 48 




5,574 22 




474 95 






f54,749 78 




$26,895 07 




161 92 




21 52 






97 078 fil 








627,671 27 



Income. 

Premiums on risks written or renewed, . . $ 13,832 10 
Less reinsurance and return premiums, . . 448 21 

Net cash premiums received, .... $13,383 89 

Received for extra premiums, 98 47 

Interest received on mortgages, 917 46 

Interest and dividends received from all other sources, . . 1,111 60 

Gross cash income, $15,511 42 

* Value of lands mortgaged $13,500 00 

Value of buildings thereon 36,500 00 

Amount of insurance held as collateral 30,700 00 



HINGHAM MUTUAL FIRE INSURANCE CO. 



33 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 



Gross cash expenditures, .... 

Risks and Premiums. 



Risks outstanding Dec. 31, 1900, 
Risks written during 1901, 



Amount. 

1,655,216 00 
880,932 00 



Total, .... $4,536,148 00 

Risks terminated during 1901, . 942,228 00 



Cash Prem's. 

$53,769 48 
13,832 10 

$67,601 58 
13,363 28 



$1,897 16 

5,444 78 

1,520 86 

1,462 50 

143 71 

150 00 

220 56 

$10,839 57 



Conting't Prem's. 

$53,769 48 
13,832 10 

$67,601 58 
13,363 28 



In force at end of year, . . $3,593,920 00 

Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 20, 40 and 50 per cent. 



$54,238 30 $54,238 30 



$1,897 00 



HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM. 

[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.] 
WM. FEARING, 2d, President. HENRY W. CUSHING, Secretary. 



Amount of permanent fund, 



$193,042 98 



Detailed Statement of Stocks 



30 shares Hingham National Bank, Hingham, 

60 ' 

8 ' 

12 • 

11 ' 

30 " 

50 4 

92 « 

109 " 

25 • 



" Old Colony Nat'l Bank, Plymouth, 
1 Abington Nat'l Bank, Abington, 

• Union National Bank, Boston, 
' Commerce National Bank, Boston, 
1 Webster National Bank, Boston, 
' Hingham Water Company, 
1 Old Colony Railroad, 

* Boston & Albany Railroad, 
' Union Pacific R.R , 

Eastern Railroad bonds, . 
Union Pacific Railroad bonds, 
Hingham Water Co. bonds, 
No. Pacific R.R. bonds, 
Illinois Central R.R. bonds, 



and Bonds. 

Par Value. 

f 3,000 00 
6^000 00 
*800 00 
1,200 00 
1,100 00 
3,000 00 
5,000 00 
9,200 00 

10,900 00 
2,500 00 
5,000 00 
5,000 00 

10,000 00 
7,000 00 

20,000 00 



Market Value. 

$3,150 00 
7,500 00 
840 00 
1,872 00 
1,430 00 
3,465 00 
6,000 00 

19,320 00 

28,231 00 
2,250 00 
5,650 00 
5,350 00 

10,500 00 
6,755 00 

21,300 00 

,700 00 $123,613 00 



34 



HINGHAM MUTUAL FIRE INSURANCE CO. 



Securities held as collateral for cash loans : — 



200 shares Helena Water Co., . 

Helena Water Co. scrip, .... 

200 shares Metropolitan Steamship Co., . 

International Paper Co. bonds, 

300 shares International Paper Co. stock, 

Little Rock and Fort Smith bonds, . 

Colorado Southern R.R. bonds, 



Market Value. Loaned Thereon. 



I $20,000 00 

70,000 00 

I 34,000 00 



\ 15, 



$15,923 11 
25,000 00 
25,000 00 



900 00 12,000 00 



£139,900 00 177,923 11 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Rents due and accrued, .... 
Gross assets, 



31, 1901. 

$31,699 60 

106,475 00 

1,306 80 

123,613 00 

77,923 11 

1,241 99 

19,419 57 

912 55 

162 00 



$362,753 62 



Liabilities. 

Losses adjusted, unpaid, $ 155 00 

Losses claimed and reported, .... 405 00 

Unearned premiums on outstanding risks, . 192,322 07 

Profits or surplus on terminated policies, unpaid, 3,159 61 

Gross liabilities, 



196,041 68 



Net cash assets, $166,71194 



Income. 

Premiums on risks written or renewed, . . $93,57188 
Less reinsurance and return premiums, . . 3,551 95 

Net cash premiums received, .... $90,019 93 

Received for extra premiums, 1,507 58 

Interest received on mortgages, 5,686 15 

Interest and dividends received from all othei\jsources, . . 10,880 43 

Income from rents, 954 34 

Gross cash income, $109,048 43 

* Value of lands mortgaged $49,250 00 

Value of buildings thereon 143,100 00 

Amount of insurance held as collateral 1-26,300 00 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



35 



Expenditures. 

Cash paid for losses, ...... 

as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, .... 



140,640 53 

53,800 54 

13,297 71 

6,271 32 

1,349 56 

1,193 38 

$116,553 04 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1900, f 27,707,101 00 $411,949 34 $411,949 34 

Risks written during 1901, . 6,288,715 00 93,571 88 93,571 88 



Total $33,995,816 00 8505,521 22 $505,521 22 

Risks terminated during 1901, . 6,721,53100 99,719 02 99,719 02 



In force at end of year, . . $27,274,285 00 $405,802 20 $405,802 20 

Miscellaneous. 

Losses incurred during the year, $38,300 00 

Profits or surplus returned during 1901, 20, 40 and 60 per cent. 



HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated March 14, 1843. Commenced business May 23, 1843.] 
CHARLES H. PRICE, President. LOUIS O. JOHNSON, Secretary. 

Guaranty Capital, $100,000. 



Amount of permanent fund, 



Detailed Statement of 



Allen County (Ind.) bonds, 
Wayne County (Mich.) bonds, 
Marion County (Ind.) bonds, . 
Washington County (111.) bonds, 
Boston (Mass.) city bonds, 
Cincinnati (Ohio) city bonds, . 
Columbus (Ohio) city bonds, . 
Cleveland (Ohio) city bonds, . 
Cambridge (Mass.) city bonds, 
• Dayton (Ohio) city bonds, 
Evansville (Ind.) city bonds, . 
Dover (N. H.) city bonds, 



Stocks, Bonds, etc. 

Par Value. 

$10,000 00 

10,000 00 

5,000 00 

2,000 00 

5,000 00 

16,000 00 

15,000 00 

8,000 00 

5,000 00 

5,000 00 

6,000 00 

5,000 00 



f494,105 40 



Market Value. 

f 10,000 00 

10,250 00 

5,300 00 

2,030 00 

5,325 00 

16,540 00 

16,231 25 

8,500 00 

5,675 00 

5,112 50 

6,240 00 

5,118 75 



36 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



Fitchburg (Mass.) city bonds, . 

Jersey City (N. J.) city bonds, 

Lynn (Mass.) city bonds, . 

Lawrence (Mass.) city bonds, 

Maiden (Mass ) city bonds, 

Orange (N. J.) city bonds, 

Pawtucket (R. I ) city bonds, 

Province of Quebec bonds, 

St. Paul (Minn.) city bonds, 

Boston & Lowell R R. bonds, 

Atchison, Topeka & Santa Fe R.R. bonds. 

Boston & Maine R.R. bonds, 

Baltimore & Ohio Railroad bonds, 

Burl. & Missouri River R.R. (Neb.) bonds, 

Cincin., Hamilton & Dayton R.R. bonds, 

Chesapeake & Ohio R.R. bonds, 

Cleveland, L. & Wheeling R.R. bonds, 

Chicago & Alton R.R. bonds, . 

Chicago & E. Illinois Railroad bonds, 

Chicago & West Indiana R.R. bonds, 

Central Pacific R.R. bonds, 

Central New Jersey R.R. bonds, 

Consolidated Vermont R.R. bonds, . 

Erie & Pittsburg R.R. bonds, . 

Cleveland Electric R'y bonds, . 

Delaware & Hudson Canal Co. bonds, 

Fitchburg R.R. bonds, 

Housatonic R.R. bonds, 

Kan. City, St. Jos. & C. B. R.R. bonds, 

Kan. City, Ft. S. & Memphis R.R. bonds, 

Lehigh Valley R.R. bonds, 

Maine Central R.R. bonds, 

Mass. Electric Co. bonds, . 

N. Y. Central R.R. bonds, 

Northern Pacific & Gt. Northern R.R. bonds, 

Norwich & Worcester R.R. bonds, . 

New England R.R. bonds, 

Narragansett Pier R.R. bonds, . 

New Haven & Derby R.R. bonds, . 

Northwestern Union R.R. bonds, 

N. Y., Ontario & Western R.R bonds, 

St. Paul, Minn. & Manitoba R.R. bonds, 

Old Colony R.R. bonds, . 

Terre Haute & Southeastern R.R. bonds. 

Union Pacific R.R. bonds, . 

Pennsylvania Co. bonds, . 

Third Avenue, N. Y., bonds, 

West End R.R., Boston, bonds, 



Par Value. 

*2,000 00 
5,000 00 
12,000 00 
5,000 00 
10,000 00 
10,000 00 
10,000 00 
3,000 00 
25,000 00 
6,000 00 
14,000 00 
10,000 00 
12,000 00 
10,000 00 
10,000 00 
10,000 00 
15,000 00 
5,000 00 
5,000 00 
8,000 00 
3,500 00 
7,000 00 
2,000 00 
5,000 00 
2,000 00 
5,000 00 
10,000 00 
10,000 00 
5,000 00 
13,000 00 
15,000 00 
4,000 00 
2,000 00 
5,000 00 
2,000 00 
5,000 00 
25,000 00 
10,000 00 
20,000 00 
8,000 00 
20,000 00 
10,000 00 
15,000 00 
5,000 00 
27,500 00 
5,000 00 
2,000 00 
6,000 00 



Market Value. 

$2,000 00 

5,612 50 

12,800 00 

5,662 50 

10,400 00 

11,900 00 

10,937 50 

3,195 00 

28,700 00 

6,403 75 

14,455 00 

10,175 00 

11,690 63 

10,000 00 

11,350 00 

11,350 00 

17,437 50 

5,162 50 

5,600 00 

9,420 00 

3,522 50 

9,380 00 

1,640 00 

5,000 00 

2,110 00 

7,356 25 

10,725 00 

13,500 00 

5,760 00 

16,055 00 

17,075 00 

4,460 00 

2,020 00 

4,935 00 

1,935 00 

5,525 00 

33,375 00 

10,300 00 

22,900 00 

11,440 00 

20,700 00 

11,537 50 

16,675 00 

5,500 00 

28,978 13 

4,950 00^ 

1,990 00 ' 

6,120 00 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



37 



American Tel. & Telegraph Co. bonds, . 

Boston B'l'g Co. (Denver, Col.) bonds, . 

Salem Electric Lighting Co. bonds, . 

American Mail Steamship Co. bonds, 

American Cotton Oil Co. bonds, 

Clinton Water Works bonds (Clinton, la.), 

Keokuk Water Works bonds, . 

Western Union Telegraph Co. bonds, 
50 shares Boston & Maine R.R., 

3! " Old Colony R.R 

55 " N. Y., N.H. &Hart. R.R., . 

100 * Pitts., Ft. Wayne & Chic. R.R., 

162 " Union Pacific R.R., . 
10 " First National Bank, Salem, . 
10 " Merchants' National Bank, Salem, 
35 " Mercantile National Bank, Salem, 
41 " Naumkeag National Bank, Salem, 
93 " Salem National Bank, Salem, 

30 " Atlantic National Bank, Boston, 
15 " Bl'ks'e N'l B'k, Bos., (in liquidate) 

31 " Freeman's National Bank, Boston, 
100 " Merchants' National Bank, Boston 

50 " Republic National Bank, Boston, 
10 " National Shawmut Bank, Boston, 
100 " Second National Bank, Boston, 
10 " Beverly National Bank, . 
40 " N'l Exc. B'k, Salem (in liquidat'n) 
10 " Colorado Mining Exch. Building, 
20 " H. B. Claflin Co., . 



Par Value. 

$5,000 00 

10,000 00 

2,000 00 

3,500 00 

10,000 00 

5,000 00 

10,000 00 

5,000 00 

5,000 00 

3,100 00 

5,500 00 

10,000 00 

16,200 00 

1,000 00 

500 00 

3,500 00 

4,100 00 

9,300 00 

3,000 00 

3,100 00 
10,000 00 

5,000 00 

1,000 00 
10,000 00 

1,000 00 

10,000 00 
2,000 00 



Market Value. 

$4,962 50 

10,000 00 
2,000 00 
3,500 00 

10,000 00 
5,000 00 

10,000 00 
5,650 00 
9,550 00 
6,510 00 

11,632 50 

19,200 00 

14,580 00 

797 50 

640 00 

3,500 00 

5,125 00 

9,300 00 

3,660 00 

75 00 

3,131 00 

17,500 00 
7,500 00 
2,400 00 

18,200 00 

1,430 00 

200 00 

10,000 00 
2,000 00 



$681,800 00 $784,132 26 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, $75 77 
Gross assets, 



31, 1901. 

$60,360 00 

53,000 00 

848 91 

784,132 26 

6,798 20 

1,575 15 

8,750 49 

1,037 10 

882 00 



$917,384 11 



* Value of lands mortgaged, $20,000 00 

Value of buildings thereon 53,600 00 

Amount of insurance held as collateral, .... 53,000 00 



38 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



Liabilities 

Losses adjusted, unpaid, .... 

Losses claimed and reported, . 

Losses disputed or resisted, 

Unearned premiums on outstanding risks, 

Return premiums on cancelled policies, . 

Profits or surplus on terminated policies, unpaid, 

Commissions and brokerage, . 

Gross liabilities, except guaranty capital, 

Guaranty capital, 

Total 

Net cash assets, 1527,596^21 



$810 75 




14 00 




3,422 95 




281,918 21 




375 42 




d, 2,913 37 




333 20 




, §289,787 90 




100,000 00 




• 


?389,787 90 



Income. 

Premiums outstanding Dec. 31, 1900, . . $671 51 

Premiums on risks written or renewed, . . 153,453 90 

Total, $154,125 41 

Premiums now in course of collection, . . 1,112 87 

Entire premiums collected, .... $153,012 54 
Less reinsurance and return premiums, . . 7,551 75 

Net cash premiums received, .... 

Received for extra premiums, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 



|145,460 79 

770 44 

1,005 85 

33,384 92 

7.210 50 



Gross cash income, §187,832 50 



Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for dividends to guaranty capital, . 
for expense on real estate, 
for assessment on National Bank stock, 
for incidentals, 



§42,506 35 
444 81 



842,061 54 

71.570 19 

22,295 5Q 

16,867 00 

2,337 83 

7,000 00 

6,869 32 

2,000 00 

5,675 89 



Gross cash expenditures, 



8176.677 33 



INDUSTRIAL MUTUAL INSURANCE CO. 



39 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1900, f 39,416,160 00 $567,465 37 $567,465 37 

Risks written during 1901, . 10,514,525 00 153,453 90 153,453 90 



Total $49,930,685 00 $720,919 27 $720,919 27 

Risks terminated during 1901, . 10,883,330 00 158,240 77 158,240 77 



In force at end of year, . . $39,047,355 00 $562,678 50 $562,678 50 
Deduct amount reinsured, . 288,222 00 4,294 23 4,294 23 



Net amount in force, . . $38,759,133 00 $558,384 27 $558,384 27 

Miscellaneous. 

Losses incurred during the year, $43,455 00 

Profits or surplus returned during 1901, 20, 40 and 60 per cent. 



INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 17, 1890. Commenced business June 1, 1890.] 
O. H. SAMPSON, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 



Detailed Statement of 

Boston & Lowell R.R. bonds, . 

N. Y. Central & Hudson River R.R. bonds, 

Chicago Terminal Transfer R.R. bonds, . 

N. E. Telephone & Telegraph Co. bonds, 

American Telephone and Telegraph Co. bonds 

American Writing Paper Co. bonds, 

West End Street R'y bonds, 

Fitchburg R.R. bonds, 

Lynn & Boston R.R. bonds, 

Maine Central R.R. bonds, 



Bonds. 

Par Value. 

15,000 00 
10,000 00 
10,000 00 
35,000 00 
17,000 00 
20,000 00 
10,000 00 
15,000 00 
5,000 00 
5,000 00 



Market Value. 

$5,125 00 

9,800 00 

9,000 00 

37,850 00 

16,915 00 

13,600 00 

10,412 50 

15,975 00 

5,250 00 

5,300 00 



$132,000 00 8129,227 50 



Summary of Assets Dec. 31, 1901. 



Bonds, as per schedule 

Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



$129,227 50 

2,633 65 

32,341 80 

2,027 49 

6,636 34 



$172,866 78 



40 



INDUSTRIAL MUTUAL INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, .... 

Net cash assets, 



§34,894 98 

103,758 94 

413 20 



$139,067 12 



$33,799 66 



Income. 
Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



$7,045 86 
239,706 09 



Total, $246,751 95 

Premiums now in course of collection, . . 6,636 34 

Entire premiums collected, .... $240,115 61 

Interest and dividends received from all sources, . . . 9,100 13 



Gross cash income, $249,215 74 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 

for salaries of officers and employees, 

for State and local taxes, 

for joint office expenses, . 

for inspections, .... 

for incidentals, .... 

Gross cash expenditures, .... 



$100,063 62 
189,002 72 
5,875 22 
3,171 67 
12,247 60 
5,387 75 
1,352 37 

$317,100 95 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1900, $29,750,240 00 $222,816 58 $1,114,082 90 
Risks written during 1901, . 27,931,973 00 239,706 09 1,198,530 45 



Total, $57,682,213 00 $462,522 67 $2,312,613 35 

Risks terminated during 1901,. 33,914,286 00 254,904 79 1,274,523 95 



In force at end of year, . . $23,767,927 00 $207,617 88 $1,038,089 40 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1901, 68£ per cent. 



$135,130 00 



LOWELL MUTUAL FIRE INSURANCE CO. 



41 



LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL. 

[Incorporated March 6, 1832. Commenced business April, 1832.] 
JAMES C. ABBOTT, President. JOSEPH PEABODY, Secretary. 



Permanent fund Dec. 31, 1901, 



$100,482 24 



Detailed Statement of Stocks 



United States bonds, . 

Boston & Lowell R.R. bonds, . 

Fitchburg R.R. bonds, 

Central R.R. of Vermont bonds, 

Boston city bond, 

Maine Central R R. bonds, 

30 shares Lowell Bleach ery, . 
2 " Pacific Mills, . 

16 " Lawrence Manufacturing Co., 
2 " Hamilton Manufacturing Co., 

50 " Massachusetts Cotton Mills, . 

36 " Appleton Co., .... 
132 " Merrimack Manufacturing Co., 

50 " Franklin Manuf. Co., Lewiston, Me. 

30 " Hill Manuf. Co., Lewiston, Me., 
6 " Vermont & Massachusetts R.R., 

30 " Boston & Maine R.R., . 

20 " Boston & Lowell R.R., . 

20 " First National Bank, Lowell, 

65 " Lowell & Andover R.R., . 

70 " Bigelow Carpet Co., 

50 " American Woolen Co., . 

30 " Lowell Gas Light Co., . 



and Bonds. 

Par Value. 

$1,000 00 
16,000 00 
10,000 00 
1,000 00 
2,000 00 
6,000 00 
3,000 00 
2,000 00 
1,600 00 
2,000 00 
5,000 00 
3,600 00 
13,200 00 
5,000 00 
3,000 00 
600 00 
3,000 00 
2,000 00 
2,000 00 
6,500 00 
7,000 00 
5,000 00 
3,000 00 



Market Value. 

$1,087 00 

16,865 00 

10,604 00 

860 00 

2,082 00 

6,360 00 

1,380 00 

4,250 00 

2,209 00 

1,555 00 

4,800 00 

4,401 00 

13,320 00 

4,500 00 

1,237 00 

1,032 00 

5,730 00 

4,810 00 

3,000 00 

14,625 00 

7,140 00 

4,025 00 

7,500 00 



$103,500 00 $123,372 00 



Summary of Assets Dec. 31, 1901. 



Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 



$16,750 00 

298 37 

123,372 00 

1,034 34 

33,210 44 

1,981 75 

6,061 21 



$182,708 11 



* Value of lands mortgaged 

Value of buildings thereon, 

Amount of insurance held as collateral, . 



$20,000 00 
20,000 00 
16,500 00 



42 



LOWELL MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Losses claimed and reported, .... $450 00 

Unearned premiums on outstanding risks, . 69,699 96 

Profits or surplus on terminated policies, unpaid, 1,671 80 

Commissions and brokerage, .... 885 89 

Gross liabilities, 

Net cash assets, 



$72,707 65 
$110,000 46 



Income. 

Premiums outstanding Dec. 31, 1900, . . $6,076 11 

Premiums on risks written or renewed, . . 48,221 52 

Total, $54,297 63 

Premiums now in course of collection, . . 6,061 21 

Entire premiums collected, .... $ 48,236 42 
Less reinsurance and return premiums, . . 1,155 81 

Net cash premiums received, .... 

Received for extra premiums, 

Interest received on mortgages, .... 
Interest and dividends received from all other sources, 
Income from agency department, .... 



Gross cash income, 



$47,080 61 

231 56 

735 84 

5,332 50 

1,535 13 

$54,915 64 



Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 

Gross cash expenditures, .... 



$9,300 93 
365 39 



,935 54 

15,999 66 

6,335 50 

6,799 43 

578 59 

650 00 

2,325 77 

$4L624 49 



Risks outstanding Dec. 31, 1900 



Risks written during 1901, 

Total,. 
Risks terminated during 1901, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

,292,382 00 $131,518 77 $131,518 77 

48,221 52 48,221 52 



3,172,777 00 

$11,465,159 00 
2,601,638 00 

$8,863,521 00 
48,862 00 



$179,740 29 $179,740 29 
41,965 67 41.965 67 



1137,774 62 $137,774 62 
625 75 625 75 



5,814,659 00 $137,148 87 $137,148 87 



LUMBER MUTUAL FIRE INSURANCE CO. 



43 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 20, 40 and 60 per 
cent., and 20, 50 and 70 per cent. 



$8,520 00 



LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 13, 1895. Commenced business March 28, 1895.] 
WM. C. JOHNSON, President. E. J. JOHNSON, Secretary. 

Office, 53 State Street. 

Summary of Assets Dec. 31, 1901. 

Loans on mortgage of real estate (first liens *), $2,000 00 

United States bonds, 

Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, 
Premiums in course of collection (gross), 
Prem's more than three mos. due, $133 14 
Gross assets, 

Liabilities. 

Losses claimed and reported, . 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Due for inspections, . 
Gross liabilities, 

Net cash assets, . 

Income 

Premiums outstanding Dec. 31, 1900, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, $61,612 32 

Interest and dividends received from all sources, . . . 2,254 12 

Gross cash income, $63,866 44 



2,172 50 

9 41 

67,803 14 

153 92 

3,338 25 

4 


$75,477 22 
34,420 20 


$3,000 00 

1,000 00 

30,398 17 

22 03 




$2,850 62 
27 03 


$41,057 02 



$2,823 59 
68,031 78 

$70,855 37 
3,471 39 

$67,383 98 
5,771 66 



* Value of lands mortgaged, .... 
Value of buildings thereon, 
Amount of insurance held as collateral, . 



$1,000 00 
3,400 00 
2,666 66 



44 



LYNN MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for inspections, .... 
for incidentals, .... 



$20,309 97 


9,978 


61 


8,675 


33 


795 59 


727 


63 


1,492 


32 


4,792 37 



Gross cash expenditures, $46,771 82 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1900, $2,297,865 00 $49,411 20 $148,233 60 

Risks written during 1901, . 2,903,394 00 68,031 78 204,095 34 



Total, $5,201,259 00 $117,442 98 $352,328 94 

Risks terminated during 1901, . 2,539,980 00 56,646 64 169,939 92 



In force at end of year, . . $2,661,279 00 $60,796 34 $182,389 02 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1901, 20 per cent. 



$24,310 00 



LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN. 

[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1S28.] 
RUFUS KIMBALL, President. ISRAEL AUGUSTUS NEWHALL, Secretary. 

Amount of permanent fund, $56,910 38 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

40 shares First National Bank, Lynn, . . $4,000 00 $4,600 00 

20 " National City Bank, Lynn, . . 2,000 00 3,000 00 

5 " Central National Bank, Lynn, . . 500 00 750 00 

10 " Merchants' National Bank, Boston, . 1,000 00 1,590 0C 

15 " West Newton First National Bank, . 1,500 00 1,890 00 

Chicago, Milwaukee & St. Paul R.R. bond, . 1,000 00 1,160 00 

Southern Pacific R.R. bond, . . . . 500 00 575 00 

Atlantic & Pacific R.R. bqnd, .... 99 00 99 00 

Mexican Central R.R. bond, .... 1,000 00 740 00 

Chicago & Great Western R.R. bonds, . . 2,000 00 2,100 00 

Ohio & West Virginia R.R. bond, . . . 1,000 00 1,100 00 



LYNN MUTUAL FIRE INSURANCE CO. 



45 



Ogdensburg & Lake Champlain R.R. bonds, 
Equitable Securities Co. bonds, 
Atchison, Topeka & Santa Fe R.R. bonds, 



Par Value. 

$2,000 00 

800 00 

7,970 00 



Market Value. 

$2,020 00 

700 00 

7,483 00 



$25,369 00 $27,807 00 



Summary of Assets Dec. 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 

Cash loans, 

Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, $107 54 
Gross assets, ...... 

Liabilities. 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Gross liabilities, 



31, 1901. 

$6,578 19 

26,400 00 

924 92 

27,807 00 

671 20 

78 01 

1,742 00 

204 89 

35 50 

90 90 



$14,929 88 
425 07 



$64,532 61 



Net cash assets, 



15,354 95 
$49,177 66 



Income. 

.. 

Premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from all other sources, 

Gross cash income, .... 



$110 05 
34 95 



$75 
6,284 


10 
18 


$6,359 28 
143 04 


$6,216 
266 


24 

87 



sources, 



$5,949 37 

9 75 

1,497 98 

1,216 49 

48 04 

$8,721 63 



* Value of lands mortgaged 

Value of buildings thereon, 

Amount of insurance held as collateral, . 



$25,150 00 
39,800 00 
35,800 00 



46 merchants' and farmers' mutual FIRE INSURANCE CO. 



Expenditures 

Cash paid for losses, 

as profits on terminated policies, .... 
for salaries of officers and employees, . 

for State and local taxes, 

for rents, 

for incidentals, 

Gross cash expenditures, 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31,1900, $2,149,72100 829,593 77 
Risks written during 1901, . 460,967 00 6,284 18 

Total §2,610,688 00 §35,877 95 

Risks terminated during 1901, . 436,342 00 6,398 60 

In force at end of year, . . §2,174,346 00 829,479 35 

Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 30, 60 and 80 per cent. 



fl.175 


97 


4,462 


16 


2,200 


00 


58 


12 


432 00 


258 


39 



?8,586 64 



Conting't Prem's. 

■9,187 54 
12,568 36 

1,755 90 
12,797 20 

858,958 70 



81,176 00 



MERCHANTS' AND FARMERS 1 MUTUAL FIRE INSURANCE 
COMPANY, WORCESTER. 

m 

[Incorporated April 1, 1S46. Commenced business Jan. 1, 1847.] 
JOHN D. WASHBURN, President. ELIJAH B. STODDARD, Secretary. 

Amount of permanent fund, 1121,574 43 



Detailed Statement of Stocks 



Great Northern & Northern Pacific R.R. bonds, 

Lawrence city bonds, 

Eastern R.R. bonds, .... 

Atch., Topeka & Santa Fe R.R. bonds, 

City of Grand Haven, Mich., bonds, 

111 shares Atch., Topeka & Santa Fe R.R., 

57 

61 

34 

25 

11 

25 

20 



Union Pacific R.R., . 
Boston & Albany R.R., . 
Providence & Worcester R.R, 
Norwich & Worcester R.R., 
Boston & Maine R.R., 
Wachusett National Bank, 
Westminster National Bank, 



and Bonds. 

Par Value. 

$6,000 00 

10,000 00 
5,000 00 

10,500 00 
5,000 00 

11,100 00 
5,700 00 
6,100 00 
3,400 00 
2,500 00 
1,100 00 
2,500 00 
2,000 00 



Market Value. 

$6,000 00 

10,200 00 

5,300 00 

11,069 00 

5,050 00 

10,042 00 

5,777 00 

15,860 00 

10,200 00 

5,750 00 

2,101 00 

3,750 00 

2,000 00 



merchants' and farmers' mutual FIRE INSURANCE CO. 47 



20 shares Central National Bank, 
8 " Mechanics' National Bank, 
25 " Quinsigamond National Bank, 
99 " Am. Card Clothing Co., . 
42 " Worcester Electric Light Co., 
24 " Worcester Gas Light Co , . 



Par Value. 

$2,000 00 
800 00 
2,500 00 
9,900 00 
4,200 00 
2,400 00 



Market Value. 

$2,400 00 

800 00 

3,625 00 

9,900 00 

10,080 00 
5,880 00 



$92,700 00 $125,784 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash loans, .... 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Prem's more than three mos. due, $1,513 86 
Gross assets, 

Liabilities. 

Losses adjusted, unpaid, . 

Losses disputed or resisted, 

Unearned premiums on outstanding risks, 

Return premiums on cancelled policies, . 

Profits or surplus on terminated policies, unpaid 

Commissions and brokerage, . 

Gross liabilities, 



Net cash assets, 



$57,482 35 

39,862 00 

243 91 

125,784 00 

10,750 00 

1,015 84 

9,514 56 

603 29 

5,578 25 



$1,009 29 

632 58 

150,218 57 

135 57 

1,915 13 

836 73 



$250,834 20 



154,747 87 
$96,086 33 



Income. 

Premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 



$6,576 99 
356 82 

$6,220 17 
97,885 94 

$104,106 11 
7,092 11 

$97,014 00 
3,302 07 



$93,711 93 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$106,000 00 
89,960 00 

37,950 00 



48 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



Received for extra premiums, 

Interest received on mortgages, .... 
Interest and dividends received from all other sources, 
Income from rents 



Gross cash income, 



$467 88 
1,650 14 
5,823 25 
4,092 00 

$105,735 20 



Expenditures. 

Cash paid for losses, 

Deduct salvage, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, .... 

for expense on real estate, 

for incidentals, 

Gross cash expenditures, . 



$28,625 97 
12 85 



$28,613 12 

39,646 93 

14,412 61 

7,220 00 

1,663 38 

600 00 

288 61 

4,196 02 

$96,640 07 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1900, $20,391,770 00 
Risks written during 1901, . 6,729,940 00 



Total, $27,121,710 00 

Risks terminated during 1901, . 6,845,030 00 



Cash Prem's. Conting't Prem's. 

$301,281 35 $301,281 35 
97,885 94 97,885 94 



$399,167 29 $399,167 29 
100,196 25 100,196 25 



In force at end of year, 



.$20,276,680 00 $298,971 04 $298,971 04 



Miscellaneous. 

Losses incurred during the year, ...... 

Profits or surplus returned during 1901, 20, 40 and 60 per cent. 



$28,557 00 



MERRIMACK MUTUAL FIRE INSURANCE COMPANY, 

ANDOVER. 

[Incorporated Feb. 7, 1S2S. Commenced business April 8, 1828.] 
JOS. A. SMART, President. BURTON S. FLAGG, Secretary. 



Amount of permanent fund, 



8150,206 00 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Cincinnati city bonds, 87,000 00 -S,160 00 

Lynn city bonds, 5,000 00 5,250 00 

Boston & Maine Railroad bonds, . . . 2,000 00 2,305 00 

Old Colony Railroad bonds 10,000 00 11,000 00 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



49 



Chicago & Northwestern R.R. bonds, 

Chicago, Mil. & St. Paul R.R. bonds, 

Salem (Ohio) Water Co. bonds, 

Salem (Ohio) Water Co. stock, 

Helena Water Co. stock, . 

Helena Water Co. bonds, . 

Chicago, Wisconsin & Minn. R.R. bonds, 

Chicago, Peoria & St. Louis R.R. bonds, 

Chicago, Peoria & St. Louis R.R. stock, 

Boston Investment Co. stock, . 

Andover water bonds, 

Andover Electric Co. bonds, 

Danvers water bonds, 

Seattle city bonds, . 

Westborough bonds, 

North Andover bonds, 

15 shares Lawrence National Bank, 

10 " Andover National Bank, 



Par Value. 

$4,000 00 
5,000 00 
3,000 00 
3,000 00 
5,000 00 
5,375 00 
5,000 00 
1,000 00 
2,400 00 
5,000 00 

15,000 00 
4,500 00 

10,000 00 
5,000 00 

10,000 00 

10,000 00 
1,500 00 
1,000 00 



Market Value. 

§5,000 00 
5,675 00 
2,400 00 
2,400 00 
2,500 00 
4,300 00 
5,900 00 
1,030 00 
1,440 00 
700 00 

16,800 00 
5,850 00 

10,900 00 
5,375 00 

10,450*00 

11,200 00 
1,800 00 
1,100 00 



$119,775 00 $121,535 00 



Summary of Assets Dec. 31, 1901. 

Cash value of unencumbered real estate, . $5,500 00 

Loans on mortgage of real estate (first liens*), 102,950 00 

Interest due or accrued thereon, . . . 1,675 29 

Stocks and bonds, as per schedule, . . . 121,535 00 

Cash in the office of the company, . . . 425 09 

Cash deposited in bank, 4,208 06 

Interest due and accrued, .... 1,200 34 

Premiums in course of collection (gross), . 19,220 84 
Prem's more than three mos. due, $576 32 

Gross assets, 



$256,714 62 



Liabilities. 
Losses adjusted, unpaid, .... 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Profits or surplus on terminated policies, unpaid 
Due for borrowed money, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, .... 



$4,709 90 

47 41 

194,864 58 

162 25 

7,130 78 

10,000 00 

3,054 89 

28 75 



219,998 56 



Net cash assets $36,716 06 

* Value of lands mortgaged 851,100 00 

Value of buildings thereon, 144,000 00 

Amount of insurance held as collateral, . . . 115,200 00 



50 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



Income 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 

Gross cash income, . 



£8,900 72 
116,375 71 

8125,276 43 
19,797 16 

$105,479 27 
7,008 08 



other sources, . 



$98,471 19 

664 29 

5,410 72 

5,507 25 

590 39 

8110,583 84 



Expenditures. 

Cash paid for losses, 

Deduct reinsurance, 

Net cash paid for losses, . . 

Cash paid as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 

Gross cash expenditures 



838,222 03 
7 00 



S,215 03 
54,145 48 
15,660 40 

7,684 67 

1,047 62 
720 00 

6,133 26 

8123,606 46 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1900, 828,095,138 00 §422,978 69 
Risks written during 1901, . 7,965,153 00 116,375 71 



Total, 836,060,29100 §539,354 40 

Risks terminated during 1901, . 8,819,148 00 135,620 54 



In force at end of year, . . 827,241,143 00 §403,733 86 
Deduct amount reinsured, . 146,815 00 2,126 92 



Contlng't Prems. 

8 ±22,978 69 
116,375 71 

8539,354 40 
135,620 54 

§403,733 86 
2,126 92 



Net amount in force, .827,094,328 00 §401,606 94 8401,606 94 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 20, 40 and 60 percent. 



- >,694 00 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



51 



MIDDLESEX MUTUAL FIRE INSURANCE] COMPANY, CONCORD. 

[Incorporated March 3, 1826. Commenced business March 29, 1826.] 
RICHARD F. BARRETT, President. ADAMS TOLMAN, Secretary. 



Amount of permanent fund, 



Detailed Statement of Stocks, 



Bal. due on Shawm't Nat'l B'k (in liquidation), 
Bal. due on Black. Nat'l B'k (in liquidation), 
33 shares Concord Nat'l Bank, Concord, 
57 " Boston & Albany R.R., . 
100 " Fitchburg R.R., 
180 " Pullman Palace Car Co., 
Burlington & Missouri R.R. bonds, . 
Chicago, Burl. & Quincy R.R. bonds, 
Portland & Ogdensburg R.R. bonds, 
Atchison, Topeka & Santa Fe R.R. bonds, 
Cincinnati, Hamilton & Dayton R.R. bonds, 
Concord & Montreal R.R. bonds, 
Conn. & Passumpsic Rivers R.R. bonds, . 
Cleveland, L. & Wheeling R.R. bonds, . 
Old Colony R.R. bonds, .... 
Boston & Lowell R.R. bonds, . 
Boston & Albany R.R. bonds, . 
N. Y., Providence & Boston R.R. bonds, . 
Boston & Maine R.R. bonds, 
Narragansett Pier R.R. bonds, . 
Norwich & Worcester R.R. bonds, . 
St. Paul, Minn. & Manitoba R.R. bonds, . 
N. Y., Ontario & Western R.R. bonds, 
Terminal R.R. Association of St. Louis bonds, 
Boyer Val. div., Chic. & Northwest'n R.R. b'ds, 
Cleveland & Pittsburg R.R. bonds, . 
Midland Terminal R.R. of Colorado bonds, 
N. Y., N. H. & Hartford R.R. bonds, 
Mohawk & Malone R.R. bonds, 
Lake Shore & Michigan Southern R.R. bonds, 
Chic. Junction R'y & Union St'k Y'ds Co. b'ds, 
Eastern R'y of Minnesota bonds, 
Long Island R.R. (Penn.) bonds, 
Erie & Pittsburg (Penn.) R.R. bonds, 
United Traction & Elec. R'y (Prov., R. I.) b'ds, 
Hamilton Street R'y bonds, . 
Town of Concord, Mass., bonds, 

Toledo city bonds, 

Cambridge city bonds, 



Bonds, etc. 

Par Value. 



$3,300 00 
5,700 00 
10,000 00 
18,000 00 
17,000 00 
14,000 00 
20,000 00 
3,000 00 
10,000 00 
25,000 00 
25,000 00 
10,000 00 
6,000 00 
15,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000^00 
10,000^00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
5,000 00 
5,000 00 
5,000 00 
7,000 00 
5;000 00 
10,000 00 
20,000 00 



$327,532 84 

Market Value. 

$1,359 00 

5,280 00 
15,105 00 
14,550 00 
39,240 00 
17,170 00 
14,360 00 
22,400 00 
2,982 50 
11,500 00 
28,125 00 
29,250 00 
11,800 00 
6,740 00 
16,275 00 
10,900 00 
11,900 00 
12,700 00 
10,950 00 
11,500 00 
11,600 00 
10,500 00 
11,500 00 
10,400 00 
10,600 00 
10,500 00 
10,600 00 
11,100 00 
10,912 50 
10,500 00 
10,800 00 
5,762 50 
5,200 00 
5,750 00 
7,350 00 
5,180 00 
11,250 00 
21,900 00 



52 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 





Par Value. 


Market Value. 


Pawtucket city bonds, .... 


* 10,000 00 


$11,400 00 


Med ford city bonds, .... 


5,000 00 


5,650 00 


Holyoke city bonds, 


10,000 00 


11,700 00 


American Bell Telephone bonds, 


10,000 00 


9,900 00 


American Telephone & Telegraph Co. bonds, 


5,000 00 


4,975 00 


Massachusetts State bonds, 


10,000 00 


10,187 50 




$ 449,000 00 


$529,254 00 


Securities held as collateral for cash loans : 


— 






Market Valup. 


Loaned Thereon. 


40 shares American Powder Mills, . 


$6,200 00 


$2,500 00 


Summary of Assets Dec. 31, 1901. 




Cash value of unencumbered real estate, 


|41,000 00 




Loans on mortgage of real estate (first liens *) 


65,590 01 




Interest due or accrued thereon, 


1,886 76 




Stocks, bonds, etc., as per schedule, 


529,254 00 




Loans on collateral security, as per schedule, 


2,500 00 




All other cash loans, .... 


21,500 00 




Cash in the office of the company, . 


6,162 98 




Cash deposited in bank, .... 


4,273 98 




Interest due and accrued, .... 


5,928 12 




Premiums in course of collection (gross), 


21,624 50 




Rents due and accrued, .... 


950 00 




Gross assets, 




$700,670 35 




Liabilities. 






Losses claimed and reported, . 


$200 00 




Losses disputed or resisted, 


3,750 00 




Unearned premiums on outstanding risks, 


321,087 26 




Profits or surplus on terminated policies, unpaid 


9,550 98 




Commissions and brokerage, . 


3,213 67 




Gross liabilities, 




337,801 91 


• • • 


Net cash assets, . . , • . 


$362,868 44 


Income. 






Premiums outstanding Dec. 31, 1900, 


$20,233 00 




Premiums on risks written or renewed, . 


172,251 56 






$192,484 56 




Premiums now in course of collection, . 


21,624 50 




Entire premiums collected, .... 


$170,860 06 




Less reinsurance and return premiums, . 


4,598 66 




Net cash premiums received, .... 




$166,261 40 






$50,200 00 






Amount of insurance held as collateral, . 


76,000 00 



MUTUAL FIRE ASSURANCE CO. 



53 



Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from 
Income from rents, . . 

Dividends on reinsurances, 



Gross cash income, 



all 



other sources, 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$1,063 44 

3,018 83 

18,198 67 

504 00 

147 31 

$189,193 65 



$46,420 08 

82,164 06 

24,034 93 

11,600 00 

2,077 45 

9,208 03 

$175,504 55 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1900, $45,101,841 00 $662,801 19 $662,801 19 

Risks written during 1901, . 11,403,918 00 172,251 56 172,251 56 



Total, $56,505,759 00 $835,052 75 $835,052 75 

Risks terminated during 1901, . 11,791,336 00 175,624 47 175,624 47 



In force at end of year, . .$44,714,423 00 $659,428 28 $659,428 28 
Deduct amount reinsured, . 244,442 00 3,715 01 3,715 01 



Net amount in force, . .$44,469,981 00 $655,713 27 $655,713 27 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 20, 40 and 60 per cent. 



$43,876 00 



MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD. 

[Incorporated Feb. 23, 1827. Commenced business July 23, 1827.] 
GEO. B. HOLBROOK, President. FRANK R. YOUNG, Secretary. 

Amount of permanent fund, $117,216 93 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Vermont Valley R.R. bonds $4,000 00 $4,480 00 

Chesapeake & Ohio R.R. bonds, . . . 4,000 00 4,800 00 

Ohio Southern R.R. bonds 3,000 00 2,700 00 

N. Y. Central & Hudson River R.R. bonds, . 8,000 00 7,440 00 

Chicago, Burl. & Quincy R.R. bonds, . . 1,000 00 1,020 00 

Phila., Wilm. & Baltimore RR, bonds, . . 4,000 00 4,400 00 

Holyoke Street R R. bonds, .... 6,000 00 6,300 00 

Boston & Albany R.R. bonds, .... 10,000 00 10,700 00 



54 



MUTUAL FIRE ASSURANCE CO. 



Woronoco Street R.R. bonds, . 

75 shares Second National B'k, Springfield, 

61 " Chicopee Nat'l B'k, Springfield, 

25 " John Hancock N'l B'k, Springfield 

25 " First Nat'l Bank, Springfield, . 

25 " Chapin National Bank, Springfield 

10 " Monson National Bank, Monson, 

10 " First National Bank, Chicopee, 

50 " Hadley Falls N'l B'k, Holyoke, 

20 " Springfield N'l B'k, Springfield, 

50 " N'l B'k of Commerce, Boston, 

100 " Boston & Albany R.R., . 

173 " N. Y. Cent. & Hudson River R.R., 

69 " Chic, Burl. & Quincy R.R., . 

20 " Holyoke & Westfield R.R., . 



Par Value. 

§5,000 00 
7,500 00 
6,100 00 
2,500 00 
2,500 00 
2,5C0 00 
1,000 00 
1,000 00 
5,000 00 
2,000 00 
5,000 00 
10,000 00 
17,300 00 
6,900 00 
2,000 00 



Market Value. 
$5,300 00 

9,750 00 

9,455 00 

2,625 00 

2,625 00 

3,000 00 

1,250 00 

1,350 00 

6,250 00 

4,000 00 

6,250 00 

25,700 00 

26,815 00 

13,593 00 

3,740 00 



$116,300 00 $163,543 00 



Summary of Assets Dec. 31, 1901. 

Loans on mortgage of real estate (first liens *), $36,550 00 

Interest due or accrued thereon, . . . 447 88 

Stocks and bonds as per schedule, . . . 163,543 00 

Cash in the office of the company, . . . 4,420 34 

Cash deposited in bank, 7,396 32 

Interest due and accrued, 647 79 

Premiums in course of collection (gross), . 135 39 

Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, . £44,915 01 

Profits or surplus on terminated policies, unpaid, 300 82 

Gross liabilities, 



8213,14'* 72 



45,215 83 



Net cash assets, £ 167,924 89 



Income. 
Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Net cash premiums received, . 

Received for extra premiums, . 

Interestrreceived on mortgages, 

Interest and dividends received from all other sources, 



$354 33 
19,492 21 

£19,846 54 
135 39 



Gross cash income, 



819,711 15 

82 60 

2,854 95 

6.259 29 

$28,907 99 



* Value of lands mortgaged 

Value of buildings thereon, 

Amount of insurance held as collateral, . 



m,750 00 
46,750 00 
40,500 00 



MUTUAL PROTECTION FIRE INSURANCE CO. 



55 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, 



Gross cash expenditures, 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31,1900, $5,902,000 00 f 93,096 69 
Risks written during 1901, . 1,241,225 00 19,492 21 



Total, $7,143,225 00 §112,588 90 

Risks terminated during 1901, . 1,159,075 00 17,532 72 



$2,436 48 


15,608 


80 


4,402 


00 


191 


78 


500 


00 


815 07 



$23,954 13 



Conting't Prem's. 

$93,096 69 
19,492 21 

$112,588 90 
17,532 72 



In force at end of year, . 



1,984,150 00 $95,056 18 $95,056 18 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1901, 90 per cent. 



$2,436 00 



MUTUAL PROTECTION FIRE INSURANCE COMPANY, 

CHARLESTOWN. 

[Incorporated April 10, 1861. Commenced business July 15, 1864.] 

GEO. H. PENDERGAST, President. FRANK V. NO YES, Secretary. 

Office, Thompson Square, Charlestown. 



Amount of permanent fund, 



Detailed Statement of Stocks 



17 shares Monument National Bank, 
20 " National Bank of the Republic, 
31 " Charlestown Gas & Electric Co., 
10 " Somerville Electric Light Co., . 
55 " Atch., Top. & Santa Fe R.R , . 
12 " N. Y , New Haven & Hartford R.R., 
20 " American Tel. & Telegraph Co , 
American Telephone & Telegraph Co. bonds, 
United States bonds, 



and Bonds. 

Par Value. 

$1,700.00 
2,000 00 
1,550 00 
1,000 00 
5,500 00 
1,200 00 
2,000 00 
2,000 00 

10,000 00 



$52,639 30 



Market Value. 

$3,230 00 
3,000 00 
2,480 00 
1,000 00 
4,515 00 
2,520 00 
3,240 00 
1,980 00 

10,800 00 



$26,950 00 $32,765 00 



56 



MUTUAL PROTECTION FIRE INSURANCE CO. 



Securities held as collateral for cash loans 



130 shares Parrot Mining Co., . 
330 " Old Dominion Mining Co., 
100 " Centennial Mining Co., . 
100 " Arcadian Mining Co., 
Boston & Maine R.R. bond, 



Market Value. Loaned Thereon. 

83,770 00^ 



7,590 00 | 

1,200 00 } 

400 00 I 

1,000 00 j 



810,000 00 



813,960 00 £ 10,000 00 

Summary of Assets Dec. 31, 1901. 

Loans on mortgage of real estate (first liens*), 817,400 00 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Prem's more than three mos. due, 82,057 28 
Gross assets, 

Liabilities 

Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Profits or surplus on terminated policies, unpaid, 
Commissions and brokerage, . 

Reinsurance, 

Gross liabilities, 

Net cash assets, §73,778 5! 



911 95 




32,765 00 




10,000 00 




260 15 




19,625 04 




155 00 




4,067 13 
a 






$115,184 27 




$7 00 




38,355 13 




105 51 




1,886 89 




796 57 




254 59 






41,405 69 





Income 

Premiums outstanding Dec. 31, 1900, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 



$5,029 14 
1,637 IS 

83,391 96 
28,353 34 

?31,745 30 
6,124 41 

825,620 89 
2,056 20 



823,564 69 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



822,700 00 
72. 200 00 
64,200 00 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 



57 



Received for extra premiums, .... 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 



Expenditures. 

Cash paid for losses, 

Deduct reinsurance, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 



Gross cash expenditures, 



. 


.^55 03 


. 


2,375 00 


irces, . 


2,049 31 


. 


$28,044 03 


86,509 44 




161 86 






$6,347 58 
6,708 68 






3,964 83 




4,000 00 




307 95 




500 00 




2,432 37 




$24,261 41 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31,1900, $4,030,757 00 
Risks written during 1901, . 1,792,442 00 



Total, 
Risks terminated during 1901, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



§5,823,199 (0 
1,319,450 00 

$4,503,749 00 
143,268 00 



Cash Prem's. Conting't Prem's. 

$65,051 34 $65,051 34 
28,353 34 28,353 34 



$93,404 68 

21,192 81 

$72,211 87 
2,567 52 



$93,404 68 
21,192 81 

$72,211 87 
2,567 52 



$4,360,481 00 $69,644 35 $69,644 35 



Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1901, 20, 40 and 70 per cent. 



1,355 00 



NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY, 

NEWBURYPORT. 

[Incorporated Feb. 10, 1829. Commenced business May 1, 1829.] 
WILLIAM R. JOHNSON, President. LAWRENCE W. BROWN, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



100 shares Mer. Nat'i Bank, Newburyport, 
31 " Ocean Nat'l Bank, Newburyport, 
10 " Bank of Redemption, Boston, . 
7 " Hide & Leather Bank, Boston, 
10 " Western Union Telegraph Co., 
10 " U. S. Rubber Co., . 



Par Value. 

$2,000 00 
1,550 00 
1,000 00 
700 00 
1,000 00 
1,000 00 



Market Value. 

82,200 00 

1,581 00 

1,500 00 

878 00 

920 00 

490 00 



58 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 



12 shares Westinghouse Electric Co., 
20 " Boston & Maine R.R., 

6 " New York Central R.R , . 

9 « Chic , Mil. & St. Paul R.R , 

5 " Chicago Junction Stock Yard Co., 
11 " Atch., Topeka & Santa Fe R.R 

1 share Central Vermont R.R., 
Central Vermont scrip, 
River Bank Court Trust Co. bonds, . 
New England Cotton l r ard bonds, . 
Minneapolis General Electric Co. bonds, 
Meriden, Conn., bonds, 
Newport News, Va , bonds, 
Penobscot Shore Line bonds, 
Rutland R.R. bonds, . 
Central Vermont bonds, . 
Erie Telephone & Telegraph Co. bonds, 
Detroit Telephone Co. bonds, . 
Balance due on 10 shares Market National 
Bank, Boston (in liquidation), 



Par Value. 

§600 00 

2,000 00 

600 00 

900 00 

500 00 

1,100 00 

100 00 

60 00 

2,000 00 

1,000 00 

1,000 00 

1,000 00 

2,000 00 

2,000 00 

1,000 00 

2,000 00 

3,000 00 

2,000 00 



Market Value. 

61,092 00 

3,820 00 

996 00 

1,495 00 

070 00 

902 00 

8 00 

4 80 

2,060 00 

1,030 00 

1,020 00 

1,040 00 

2,070 00 

2,200 00 

1,010 00 

1,680 00 

3,150 00 

2,100 00 

280 00 



Summary of Assets Dec. 31, 1901. 

Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Gross liabilities, 

Net cash assets, 833,400 46 



$30,110 00 


634,196 80 


, 1901. 




§700 00 




19 25 




34,196 80 




5 29 




3,332 12 






638,253 46 


84,717 00 


136 00 






:»3 00 





Income. 

Premiums on risks written or renewed, . . 81,981 00 

Less reinsurance and return premiums, . 55 50 

Net cash premiums received, .... 81,925 50 

Interest received on mortgages, 38 50 

Income from policy fees, 66 30 

Gross cash income, 82.030 30 

* Value of lands mortgaged, $900 00 

Value of buildings thereon, 1,400 00 

Amount of insurance held as collateral 700 00 



NORFOLK MUTUAL FIRE INSURANCE CO. 



59 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 



Gross cash expenditures, .... 

Risks and Premiums. 

• Amount. 

Risks outstanding Dec. 31, 1900, $741,905 00 
Risks written during 1901, . 130,000 00 



Total, $871,905 00 

Risks terminated during 1901, . 128,590 00 



Cash Prem's. 

$10,670 67 
1,981 00 

$12,651 67 
1,796 67 



$1,966 


50 


1,639 


17 


633 


33 


18 


37 


163 


75 


349 


61 



$4,770 73 



Conting't Prem's. 

$42,682 68 
7,924 00 

§50,606 68 
7,186 68 



In force at end of year, 



$743,315 00 $10,855 00 §43,420 00 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1901, 100 per cent. 



$1,967 00 



NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.] 
J. WHITE BELCHER, President. JAMES Y. NOYES. Secretary. 



Amount of permanent fund, 



Detailed Statement of Stocks and Bonds. 



Atchison, Topeka & Santa Fe R.R. bonds, 

Boston & Maine Railroad bonds, 

Boston Consolidated Street R'y Co. bonds, 

Boston & Providence R.R. bonds, . 

Boston & Lowell R.R. bonds, . 

Cincinnati city bonds, 

Boston city bonds, .... 

Chelsea city bonds, .... 

Concord & Montreal R.R. bonds,- . 

Fitchburg Railroad bonds, 

Conn. & Passumpic Rivers R.R. bonds, 

Dexter & Newport R.R. bonds, 

Fall River city bonds, 

Lawrence city bonds, 

Norwich & Worcester R.R. bonds, . 



Par Value. 

$34,500 00 

32,000 00 

5,000 00 

20,000 00 

20,000 00 

25,000 00 

10,000 00 

10,000 00 

10,000 00 

15,000 00 

5,000 00 

6,000 00 

2,000 00 

5,000 00 

20,000 00 



$334,201 14 



Market Value. 

$33,300 00 

38,680 00 

5,250 00 

21,600 00 

21,700 00 

25,000 00 

11,200 00 

11,937 50 

10,800 00 

16,625 00 

5,650 00 

6,210 00 

2,317 50 

5,600 00 

22,050 00 



60 



NORFOLK MUTUAL FIRE INSURANCE CO. 



Fremont, Elkhorn & Mo. Valley R.R. bonds, 
Grand Avenue R'y, Kansas City, bonds, 
Oregon Short Line Railroad bonds, 
Kan. City, St. Jos & Council Bluffs R.R. bMs 
N. H Trust Co. bonds, . 
Western Security Co. bonds, . 
N. E. Mortgage Security Co. bonds, 
Lombard Investment Co. bonds, 
Minneapolis Gas Light Co. bonds, 
Maine Central R.R. bonds, 
Newport & Richford R'y Co. bonds, 
N. Y., New Haven & Hart. R.R. bonds, 
Newton city bonds, .... 
Taunton city bonds, .... 
Portland & Rumford Falls R.R. bonds, 
Lynn city bonds, .... 
Salem city bonds, .... 
North Andover town bonds, 
Philadelphia & Reading R.R. bonds, 
Old Colony Railroad bonds, 
Union Pacific Railway bonds, . 
Northern Pacific & Gt. Northern R.R. bonds, 
313 shares Atch , Top & Santa Fe R.R. stock 
65 " Dedham Water Co. stock, 
60 " Union Pacific R.R. stock, 
100 " Old Colony R.R. stock, . 
75 '• Boston & Lowell R.R. stock, 
125 " Boston & Albany R.R. stock, 
20 " Boston & Providence R.R. stock, 
13 " Lombard liquidation stock, 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross),. 
Rents due and accrued, .... 
Prems, more than three mos. due, 845 00 
Gross assets, 



Par Value. 

§5,000 00 

5,000 00 

10,000 00 

9,000 00 

5,500 00 

5,000 00 

5,000 00 

950 00 

5,000 00 

15,000 00 

12,000 00 

5,000 00 

15,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

8,000 00 

31,000 00 

4,500 00 

22,000 00 

31,340 00 

6,500 00 

6,000 00 

10,000 00 

7,500 00 

12,500 00 

2,000 00 

65 00 



Market Value. 

§6,750 00 

5,000 00 
12,500 00 
10,350 00 

2,500 00 
500 00 

5,000 00 
285 00 

5,000 00 
16,600 00 
13,137 50 

5,775 00 
16,931 25 
11,205 00 
10,400 00 
11,200 00 

5,250 00 

5,631 25 
10,160 00 
34,505 00 

4,500 00 
20,900 00 
28,840 00 

6,500 00 

5,100 00 
20,800 00 
18,000 00 
31,875 00 

6,000 00 
65 00 



$498,355 00 


8o69,180 00 


:. 31, 1901. 




812,000 00 




29,457 91 




516 50 




569,180 00 




1,684 47 




6,053 04 




8,011 73 




7,699 54 




66 66 




U 


AfiSi firtQ R5 



* Value of lauds mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



834,700 00 
35,000 00 
30,100 00 



NORFOLK MUTUAL FIRE INSURANCE CO. 



61 



Liabilities. 

Losses adjusted, unpaid, §5 00 

claimed and reported, .... 12 00 

disputed or resisted, .... 648 37 

Unearned premiums on outstanding risks, . 166,079 17 

Return premiums on cancelled policies, . . 606 61 

Profits or surplus on terminated policies, unpaid, 7,423 01 

Commissions and brokerage, . . . . 1,161 68 
Gross liabilities, 



Net cash assets, 



Income 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Interest received on mortgages, 
Interest and dividends received from all 
Income from all other sources, 

Gross cash income, 



$7,604 26 

75,999 05 

§83,603 31 

7,744 54 

§75,858 77 

932 20 



other sources, . 



§175,935 84 



§458,734 01 



§74,926 57 

1,578 00 

23,818 55 

1,581 24 

§101,904 36 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



§26,946 84 

44,153 16 

10,684 29 

7,323 70 

1,083 86 

2,271 68 

§92,463 53 



Risks and Premiums. 

Amount. Cash Prem'8. Contlng't Trem's. 

Risks outstanding Dec. 31, 1900, §23,730,629 00 §340,561 60 §310,561 60 

Risks written during 1901, . 5,181,885 00 75,999 05 75,999 05 



Total, §28,912,514 00 §416,560 65 §416,560 65 

Risks terminated during 1901, . 5,125,152 00 75,152 99 75,152 99 



In force at end of year, . .§23,787,362 00 §341,407 66 §341,407 66 



62 



PAPER MILL MUTUAL INSURANCE CO. 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 25, 50 and 70 per cent. 



827,401 00 



PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated November, 1886. Commenced business April 1, 1887.] 
R. W. TOPPAN, President. D. W. LANE, Secretary. 

Office, 31 Milk Street. 



Detailed Statement of 



Portland & Ogdensburg R.R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

Cincin., Sandusky & Cleveland R.R, bonds, 

Maine Central R.R. bonds, 

Pennsylvania R.R. bonds, 

Newton water bonds, 

Boston & Albany R.R. bonds, 

Boston & Maine R.R. bonds, 

Boston & Lowell R.R. bonds, 

Fitchburg R.R. bonds, 

Chic. June. & Union Stock Yards bonds, 

Chicago, Burl. & Quincy R.R. bonds, 

American Bell Telephone bonds, 

American Telephone & Telegraph Co. bonds, 



Bonds. 

Par Value. 

£5,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 

10,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 



Market Value. 
$5,400 00 

4,850 00 
5,725 "0 
6,100 00 
6,250 00 
5,600 00 
10,750 00 
6,250 00 
5,450 00 
5,600 00 
5,050 00 
5,000 00 
5,0C0 00 
5,000 00 



675,000 00 f82,025 00 



Summary of Assets Dec. 31, 1901. 



Bonds, as per schedule, .... 
Cash in the office of the compauy, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



882,025 00 

51 68 

15,154 78 

950 00 

643 44 



898,824 90 



Liabilities. 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, .... 



$600 00 

42,439 46 

240 82 



43,280 28 



Net cash assets, 



855,544 62 



QUINCY MUTUAL FIRE INSURANCE CO. 



63 



Income. 

Premiums outstanding Dec. 31, 1900, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest and dividends received from all sources, 



$601 02 
92 50 

$ 508 52 
87,902 28 

£88,410 80 
643 44 

$87,767 36 
2,842 96 



Gross cash income, 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, 



Gross cash expenditures, .... 

Risks and Premiums. 

Amonnt. 

Risks outstanding Dec. 31, 1900, $9,879,528 00 
Risks written during 1901, . 11,472,520 00 



$84,924 40 
3,245 81 

,170 21 



Total, $21,352,048 00 

Risks terminated during 1901, . 10,376,696 00 



Cash Prem's. 

$76,993 01 
87,902 28 

5164,895 29 
80,016 37 



$1,722 49 

69,866 43 

4,729 99 

827 04 

360 00 

1,921 67 

$79,427 62 



Conting't Prem's. 

$384,965 05 
439,511 40 

$824,476 45 
400,081 85 



In force at end of year, 



.$10,975,352 00 $84,878 92 $424,394 60 



Miscellaneous. 

Losses incurred during the year, . 

Profits or surplus returned during 1901, 90.64 per cent. 



►,342 00 



QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY. 

[Incorporated March 22, 1851. Commenced business May, 1851.] 
CHARLES A. HOWLAND, President. WM. H. FAY, Secretary. 

Amount of permanent fund, $350,000 00 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

88 shares Rockland National Bank, Boston, . $8,800 00 $11,000 00 

70 " Second National Bank, Boston, . 7,000 00 12,250 00 



64 



QUINOT MUTUAL FIRE INSURANCE CO. 



50 shares First National Bank, Boston, . 

40 " Merchants' National Bank, Boston, 

80 " State National Bank, Boston, . 

66 " Washington National B'k, Boston, . 
250 M Colonial Nat'l Bank, Boston, . 

75 " Redemption Nat'l Bank, Boston, . 

50 " Hamilton Nat'l Bank, Boston, 
292 " Mt Wollaston Nat'l Bank, Quincy, 

44 " Granite National Bank, Quincy, 

50 " Wachusett Nat'l Bank, Fitchburg, . 

40 " Hingham Nat'l Bank, Hingham, . 

48 " First Nat'l B'k, South Weymouth, . 

38 " Union National Bank, Weymouth, . 

10 " Quinsigamond N'l B'k, Worcester, 
50 " Brockton Nat'l Bank, Brockton, . 
29 " Plymouth Nat'l Bank, Plymouth, . 
25 " First Nat'l Bank, West Newton, . 

Balance on 200 shares Manufacturers' Bank, 

Boston (in liquidation), .... 
Balance on 46 shares Continental National 

Bank, Boston (in liquidation), 
Balance on 25 shares Market National Bank, 

Boston (in liquidation), .... 
Balance on 185 shares Third Nat'l B'k, Boston 

(in liquidation), 

Balance on 25 shares Revere N'l Bank, Boston 

(in liquidation), 

11 shares Old Colony R.R. 

107 " Hingham Cordage Co., . 

178 " Lawrence Duck Co., 
50 " State St. Safe Deposit & Trust Co., 
Chic, Burlington & Quincy R.R. bonds, . 
Decatur Water Works Co. bonds and stock, . 
Michigan Telephone Co. bonds, 
Northern Pacific & Gt. North. R'y Co. bonds, . 



Par Value. 

85,000 00 
4,000 00 
8,000 00 
6,600 00 

25,000 00 
7,500 00 
5,000 00 

29,200 00 
4,400 00 
5,000 00 
4,000 00 
4,800 00 
3,800 00 
1,000 00 
5,000 00 
2,900 00 
2,500 00 



Market Value. 

VJ 00 
7,000 00 
9,600 00 
8,250 00 

37,500 00 
9,375 00 
5,000 00 

35,040 00 
5,940 00 
7,500 00 
4,000 00 
4,800 00 
3,040 00 
1,250 00 
6,250 00 
3,04 
2,500 00 

500 00 

92 00 



- 


50 00 


- 


50 


_ 


50 00 


1,100 00 


2,200 00 


10,700 00 


500 00 


17,800 00 


17,800 00 


5,000 00 


6,000 00 


10,000 00 


10,400 00 


14,300 00 


3,000 00 


10,000 00 


9,5C0 00 


48,000 00 


45,600 00 


?256,400 00 


$278,282 00 



Securities held as collateral for cash loans: — 



750 shares American Woolen Co., . 
300 " N. E. Dressed Meat & Wool Co. 
Stamford, Ct, city bonds, . 
Peoria & Pekin Terminal R'y bonds, 
American Hide & Leather Co. bonds, 
Haverhill & Amesbury Street R'y bonds, 
Certified cashier's check, .... 
100 shares North Packing & Provision Co., 



Market Value. Loaned Thereon. 

§45,000 00 135,000 00 



45,000 00 
3,165 00) 
6,270 00 j 
2,880 00 J. 
4,350 00 j 
11,000 00 J 
10,000 00 



25,000 CO 



25,000 00 



7,500 00 



QUINCY MUTUAL FIRE INSURANCE CO. 



65 



Market Value. Loaned Thereon. 



144 shares National Granite Bank, Quincy, 
15 " Minnehaha Trust Co,, . 
30 " Sioux Falls National Bank, . 

Corp'n notes secured by warehouse receipts, 



$20,880 00 
1,500 00 ? 
3,000 00 S 
75,000 00 60,000 00 



§17,700 00 
2,500 00 



$228,045 00 $172,700 00 



Summary of Assets Dec. 31, 1901 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) , 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
All other cash loans, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, , 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 

Gross liabilities, .... 



Net cash assets, 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, ..... 



Gross cash income, 



$21,300 00 

69,700 00 

3,603 50 

278,282 00 

172,700 00 

46,500 00 

284 00 

60,463 60 

2,050 02 

11,633 42 

162 50 



$237,928 44 

4,000 00 

150 00 

300 00 

1,848 75 



$8,411 79 
134,269 84 

$142,681 63 
11,633 42 

$131,048 21 
364 83 



sources, . 



$666,679 04 



244,227 19 
$422,451 85 



$130,683 38 

1,965 46 

3,870 81 

22,321 56 

384 27 

$159,225 48 



* Value of lands mortgaged 

Value of buildings thereon, 

Amount of insurance held as collateral, . 



$S6,500 00 
99,000 00 
85,700 00 



66 



RUBBER MANUFACTURERS MUTUAL INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



Gross expenditures, 



841,830 23 

62,168 79 

,508 96 

14,115 96 

2,478 67 

7 92 

$U8,M6 53 



Risks and Premiums. 

Amount. Cash Prem'8. Conting't Prem'g. 

Risks outstanding Dec. 31,1900,833,589,702 00 8495,486 39 8495,4-6 39 

Risks written during 1901, . 9,140,137 00 134,269 84 134,269 84 



Total, 842,729,839 00 8629,756 23 8629,756 23 

Risks terminated during 1901, . 9,577,240 00 144,332 64 144,332 64 



In force at end of year, . 33,152,599 00 $485,423 59 $485,423 59 

Miscellaneous. 

Losses incurred during the year, 8 4 1,186 00 

Profits or surplus returned during 1901, 20, 40 and 60 per cent. 



RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY, 

BOSTON. 

[Incorporated Nov. 4, 1SS4. Commenced business Jan. 15, I - 
E. S. CONVERSE, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 
Detailed Statement of Bonds. 

Par Value. Market Value. 

N. Y. Central & Hudson River R R. bonds, . 815,000 00 114,700 00 

Chicago Terminal Transfer R R. bonds, . . 20,000 00 18,000 00 

N. E. Telephone & Telegraph Co. bonds, . 27,000 00 28,250 00 

American Bell Telephone Co. bonds, . . 15,000 00 14,925 00 

Bangor & Aroostook R.R. bonds, . . . 10,000 00 11,900 CO 

West End Street Ry bonds, .... 20,000 00 20,812 50 

St. Louis Merchants Bridge Terminal Co. b'ds, 25,000 00 29,000 00 

American Writing Paper Co. bonds, . . 10,000 00 6,800 00 

American Telephone & Tel. Co. bonds, . . 20,000 00 19,900 00 

Fitchburg Railroad bonds, .... 20,000 00 21,750 00 

Boston & Lowell R.R. bonds, .... 20,000 00 20,500 00 

Maine Central R.R. bonds, .... 16,000 00 16,960 00 

Boston Consolidated Street R'y bonds, . . 12,000 00 \-2Mk 



8230,000 CO |236,157 50 



RUBBER MANUFACTURERS MUTUAL INSURANCE CO. 



67 



Summary of Assets Dec 

Bonds, as per schedule, . . ... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
State and local taxes', .... 
Gross liabilities, 



31, 1901. 

§236,157 50 

3,505 63 

25,792 71 

3,357 95 

9,983 08 



§44,852 62 

129,055 47 

471 17 



§278,796 87 



174,379 26 



Net cash assets, '§104,417 61 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



§8,563 65 
315,759 11 

§324,322 76 
9,983 08 



Total, 

Premiums now in course of collection, 

Net cash premiums received, . 

Interest and dividends received from all sources, 

Gross cash income, 

Expenditures. 
Cash paid for losses, . . . . 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for joint office expenses, . 
for inspections, 
for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1900, §38,608,501 00 §297,867 89 
Risks written during 1901, . 40,876,944 00 315,759 11 



Total, §79,485,445 00 §613,627 00 

Risks terminated during 1901, . 45,738,176 00 355,516 07 



§314,339 68 
13,148 70 

§327,488 38 



§133,025 49 

248,826 91 

5,822 '96 

4,109 30 

13,148 90 

11,184 62 

327 45 

§416,445 63 



Conting't Prem's. 

§1,489,339 45 
1,578,795 55 

§3,068,135 00 
1,777,580 35 



In force at end of year, 



§33,747,269 00 §258,110 93 §1,290,554 65 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1901, 68| per cent. 



§170,124 00 



68 



SALEM MUTUAL FIRE INSURANCE CO. 



SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated April 17, 1838. Commenced business May 1, 1838.] 

HOWARD S. PORTER, President. ARTHUR DERBY, Secretary, 

Amount of permanent fund, $52,580 66 



Detailed Statement of Stocks 



Boston & Lowell Railroad bonds, 
Boston & Maine Railroad bonds, 
Boston & Albany Railroad bonds, 
Haverhill city bonds, 
Springfield ^(Mass.) city bonds, 
Springfield (Ohio) city bonds, 
Toledo (Ohio) city bonds, 
Cincinnati city bonds, 
Chicago city bonds, . 
Woburn city bonds, . 
Brockton city bonds, 
Peabody town bonds, 
New Britain (Conn.) city bonds, 
Stoneham town bonds, 
Cleveland city bonds, 
Cook County (111.) bonds, 
Ware town bonds, 
Medford city bonds, . 
Salem city bonds, 
Lynn city bonds, 
Meriden (Conn.) town bonds, 
Somerville (Mass.) city bonds, 
Old Colony Railroad bonds, 
Fitchburg Railroad bonds, 
Quincy (111.) citj- bonds, . 
Cranston (R. I.) town bonds, 
Columbus (Ohio) city bonds, 
Waltham (Mass.) city bonds, 
Massachusetts State bonds, 
Boston city bonds, 
Wilkesbarre (Pa.) city bonds, 
Fall River city bonds, 
Marlborough city bonds, . 
Chelsea city bonds, . 
Chicago, Burl. & Quincy R.R. bonds 
Pittsburgh (Pa.) city bonds, 
Maine Central R.R. bonds, 
Illinois Central R.R. bonds, 
Eastern R.R. bonds, . 



and Bonds. 

Par Value. 

$3,000 00 
1,000 00 
1,000 00 
1,000 00 
1,000 00 
350 00 
2,000 00 
1,000 00 
3,000 00 
2,000 00 
3,000 00 
1,000 00 
4,000 00 
2,000 00 
3,000 00 
2,000 00 
1,000 00 
1,000 00 
4,550 00 
2,000 00 
1,000 00 
2,000 00 
2,000 00 
3,000 00 
2,000 00 
1,000 00 
4,000 00 
1,000 00 
3,000 00 
3,000 00 
1,000 00 
4,000 00 
1,000 00 
2,000 00 
1,000 00 
2,000 00 
2,000 00 
1,000 00 
1,000 00 



Market Value. 

13,320 00 
1,140 00 
1,075 00 
1,125 00 
1,045 00 
352 63 
2,170 00 
1,075 00 
3,300 00 
) 00 
3,097 50 
1,015 00 
4,342 50 
2,050 00 
3,000 00 
2,01(i 00 
1,005 00 
1,100 00 
4,643 75 
2,090 00 
1,035 CO 
2,105 00 
2,125 00 
3,230 00 
2,100 00 
1,095 00 
4,140 00 
1,040 00 
3,160 00 
3,212 50 
1,015 00 
4,200 00 
1,062 50 
2,130 00 
U»20 00 
2,030 00 
2,110 00 
1,050 00 
1,110 00 



SALEM MUTUAL FIRE INSURANCE CO. 



69 



Milwaukee city bonds, 
Stamford (Conn.) city bonds, . 
9 shares Boston & Maine R.R., 
15 " Salem Gas Light Co , 



Par Value. 

$1,000 00 

1,000 00 

900 00 

1,500 00 



Market Value. 

$1,070 00 
1,050 00 
1,586 00 
2,122 50 



Summary of Assets Dec. 31, 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks and bonds as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prems. more than three mos. due, . $20 00 
Gross assets, 



Liabilities. 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Profits or surplus on terminated policies, unpaid, 
State and local taxes, .... 
Commissions and brokerage, . 

Gross liabilities, 

Net cash assets, 

Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, . . . 



Gross cash income, 



$80,300 00 $85,754 88 

1901. 

$7,200 00 

2,100 00 

19 00 

85,754 88 

1,150 18 

361 86 

1,121 11 

3,128 89 

45 00 



$227 73 

49,249 92 

76 95 

1,500 85 

69 42 

526 04 



$100,880 92 



51,650 91 
$49,230 01 



$2,852 43 
34,328 17 

$37,180 60 
3,148 89 

$34,031 71 
1,181 25 



sources, 



$32,850 46 

59 04 

130 50 

3,310 30 

577 35 

$36,927 65 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$1,(100 00 
1,750 00 
2,000 00 



70 SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 



Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1900, $4,956,085 00 
Risks written during 1901, . 2,221,589 00 



Total, .... 
Risks terminated during 1901, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Cash Prem's. 

$84,318 50 
34,328 17 



$7,177,674 00 $118,646 67 
1,974,492 00 26,147 24 



$5,203,182 00 
97,717 00 



$92,499 43 
1,170 43 



$7,884 82 

9,950 95 

5,388 62 

3,248 00 

464 14 

450 00 

2,359 95 

$29,746 48 



Conting't Prem's. 

$84,318 50 

34,328 17 

$118,646 67 

26,147 24 

$92,499 43 

1,170 43 



$5,105,465 00 $91,329 00 $91,329 00 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 20,40 and 60 percent. 



$7,893 00 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE 
COMPANY, AMESBURY. 

[Incorporated May 18, 1855. Commenced business June 15, 1855.] 
W. C. JEWETT, President. E. D. HOWE, Secretary. 

[Note. — Policies are issued for one, three and five years, ten per cent, of the premium 
notes being received in cash at the time of issuing the policy. The notes are assessed 
as necessity requires. No cash fund is accumulated.] 

Summary of Assets Dec. 31, 1901. 

Cash in the office of the company, ... $8 37 

Cash deposited in bank, 1,077 50 

Gross assets, 



$1,085 87 



Income. 

Premiums on risks written or renewed, . 
Premiums now in course of collection, . 
Net cash premiums received, 
Received for extra premiums, 
Interest, .... 
Income from policy fees, . 

Gross cash income, . 



$2,053 25 
140 40 



$1,912 85 

4 98 

56 

198 00 

$2,116 39 



SAUGUS MUTUAL FIRE INSURANCE CO. 



71 



Expenditures. 

Cash paid for losses, ...... 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Borrowed money repaid, 

Gross cash expenditures, .... 



$200 00 



§15 00 


758 03 


14 93 


264 77 



§1,052 73 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1900, $195,355 00 
Risks written during 1901, . 235,680 00 



In force at end of year, . 



Total, $431,035 00 

Risks terminated during 1901, 45,150 00 



$385,885 00 



Cash Prem's. 

§1,779 69 
2,053 25 

§3,832 94 
385 30 



Conting't Prem's. 

$17,796 90 
20,532 50 

§38,329 40 
3,853 00 



§3,447 64 §34,476 40 



Miscellaneous. 
Losses incurred during the year, 



$15 00 



SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS. 

[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.] 
HERBERT B. NEWHALL, President. WILBUR F. NEWHALL, Secretary. 

[Note. — This company insures nothing but dwellings, farm buildings and their con- 
tents, in Lynn, Saugus, Lynnfleld, Swampscott and Nahant. No cash premiums are taken, 
but assessments are made on deposit notes to pay losses and expenses. All policies are 
issued for a term of three years.] 



Summary 


of Assets Dec. 


31, 


1901. 




Cash in the office of the company, . 

Cash deposited in bank, 

Unpaid assessments, 

Gross assets, 




§11 72 

1,340 68 

114 00 


§1,466 40 






Liabilities. 








Losses adjusted, unpaid, . 
Due for borrowed money, 


■ • • • 




§57 25 
1,500 00 


11,557 25 








Income. 








Interest and dividends received from all sources, 

Income from policy fees, 

Assessments on deposit notes, .... 


. . • 


§0 10 

516 00 

2,901 63 



Gross cash income, 



§3,417 73 



72 



SOUTH DAN VERS MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31,1900, . . . f 2,806,050 00 
Risks written during 1901, .... 885,100 00 

§3,691,150 00 
924,250 00 



Total, .... 
Risks terminated during 1901, 

In force at end of year, 



•M,613 


69 


1,420 


00 


27 


78 


184 


95 



83,246 42 



Conting't Prem's. 

8350,044 00 
111,840 00 

8461,884 00 
115,108 00 



82,766,900 00 8346,776 00 



Miscellaneous. 

Losses incurred during the year, 81,477 00 

Assessments laid on deposit notes or contingent premiums, . 2,823 00 



SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY, 

PEABODY. 

[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.] 
G. HORACE MERRILL, President. FRANK TAYLOR, Secretary. 

Amount of permanent fund, § 33,697 05 



Detailed Statement of Stocks 



20 shares Warren National Bank, Peabody, 
20 " Naumkeag National Bank, Salem, 
12 " First National Bank, Salem, 
34 " First National Bank, Danvers, . 
7 " Hide & Leather Nat'l B'k, Boston, 
'4 " Andover National Bank, Andover, 

1 " Cape Ann Nat'l Bank, Gloucester, 
20 " Naumkeag Steam Cotton Co., . 
20 " Androscoggin Mills, . 

2 " Nashua Manufacturing Co., 
Balance due on 18 shares National Exchange 

Bank, Salem (in liquidation), 
15 shares N. Y., New Haven & Hart. R.R., 
Providence, R. I., city bonds, . 
Eastern R.R. Co. bonds, .... 



3ks and Bonds. 




Par Value. 


Market Value. 


82,000 00 


)2,100 00 


2,000 00 


2,500 00 


1,200 00 


720 00 


2,550 00 


2,380 00 


700 00 


910 00 


400 00 


440 00 


100 00 


140 00 


2,000 00 


1,000 00 


2,000 00 


2,400 00 


1,000 00 


1,140 00 





630 00 


1,500 00 


3,150 00 


4,000 00 


4,520 00 


3,000 00 


3,450 00 


$22,450 00 


$25,480 00 



SOUTH DAN VERS MUTUAL FIRE INSURANCE CO. 



73 



Summary of Assets Dec. 31, 1901. 



Stocks and bonds as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Gross assets, 



$25,480 00 

78 00 

9,389 25 

160 00 



$35,107 25 



Liabilities. 

Unearned premiums on outstanding risks, . $12,704 58 

Profits or surplus on terminated policies, unpaid, 1,130 50 

Due and accrued for rent, salaries, etc., . . 112 49 

Gross liabilities, 



Net cash assets, 



13,947 57 
$21,159 68 



Income. 
Premiums on risks written or renewed, . 
Less reinsurance and return premiums, . 
Net cash premiums received, .... 
Interest and dividends received from all sources, 
Income from policy fees, 



Gross cash income, 



$3,056 62 
984 46 



;2,072 16 

1,535 33 

103 00 

13,710 49 



Expenditures. 
Cash paid for losses, 

as profits on terminated policies, . 

for salaries of officers and employees, 

for State and local taxes, 

for rents, .... 

for incidentals, . 
Borrowed money repaid, . 

Gross cash expenditures, . 



$2,000 00 



$269 


70 


2,762 


12 


1,248 


16 


21 


86 


120 00 


269 


59 



1,691 43 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1900, $1,175,643 00 
Risks written during 1901, . 147,250 00 



Total, $1,322,893 00 

Risks terminated during 1901, . 182,900 00 



Cash Prem's. 

$25,100 10 
3,056 62 

$28,156 72 
3,966 62 



Contlng't Prem's. 

$75,300 30 
9,169 86 



In force at end of year, 



,470 16 
11,899 86 



. $1,139,993 00 $24,190 10 $72,570 30 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1901, 100 per cent. 



$270 00 



74 traders' and mechanics' mutual FIRE INSURANCE CO. 



TRADERS' AND MECHANICS' MUTUAL FIRE INSURANCE 

COMPANY, LOWELL. 

[Incorporated June, 1848. Commenced business June, 1848.] 
C. C. HUTCHINSON, President. E. M. TCCKE, Secretary. 



Amount of permanent fund, 



$410,098 69 



Detailed Statement of Stocks 



Andover town bonds, 

Boston city bonds, 

Boston & Maine R.R. bonds, 

Fitch burg city bonds, 

Fitchburg R.R. bonds, 

Boston United Gas Co. bonds, 

Holyoke city bonds, . 

Illinois Central R.R. bonds, 

Long Island R.R. bonds, . 

Massachusetts State bonds, 

Maiden sewer bonds, 

Marlborough water loan bonds, 

Marblehead water bonds, . 

Ogdensburg & Lake Champlain R.R. bonds, 

Rutland Canadian R.R. bonds, 

Quincy (111.) city bonds, . 

New England R.R. bonds, 

Maine Central R.R. bonds, 

St. Johnsbury & Lake Champ. R.R. bonds, 

Chicago sanitary bonds, . 

35 shares Bigelow Carpet Co. 
4 " Boott Cotton Mills, 
2 " Hamilton Manufacturing Co. 

50 " Lawrence Gas Company, 
300 " Lowell Gas Company, . 
114 " Massachusetts Cotton Mills, 
110 " Merrimack Manufacturing Co 

15 " Middlesex Mills, . 

50 " Tremont & Suffolk Mills, 
100 " Old Lowell National Bank, 

25 " Vermont & Mass. R.R., . 
200 " Mass. Electric Co., . 



Securities held as collateral for cash loans 

35 shares Criterion Knitting Co., 
12 " N. E. Tel. & Tel. Co., 



and Bonds. 

Par Value. 

§ 15,000 00 

20,000 00 

20,000 00 

10,000 00 

15,000 00 

20,000 00 

15,000 00 

45,000 00 

10,000 00 

25,000 00 

10,000 00 

10,000 00 

10,000 00 

20,000 00 

20,000 00 

12,000 00 

10,000 00 

20,000 00 

20,000 00 

20,000 00 

3,500 00 

4,000 00 

2,000 00 

' 5,000 00 

30,000 00 

11,400 00 

11,000 00 

1,500 00 

5,000 00 

10,000 00 

2,500 00 

20,000 00 



Market Value. 

817,212*50 

22,100 00 

25,500 00 

11,250 00 

16,930 00 

16,800 00 

17,400 00 

43,950 00 

11,425 00 

25,718 75 

11,475 00 

11,475 00 

11,250 00 

20,400 00 

20,400 00 

13,080 00 

13,875 00 

21,100 00 

26,500 00 

21,800 00 

3,587 50 

3,200 00 

1,555 CO 

6,000 00 

75,000 00 

11,318 00 

11,110 00 

1,500 00 

5,100 00 

11,250 00 

4,375 00 

18,500 00 



$452,900 00 $532,136 75 

Market Value. Loaned Thereon. 

85,250 00 85,000 00 

1,680 00 1,000 00 



86,930 00 86,000 00 



traders' and mechanics' mutual FIRE INSURANCE CO. 75 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 

All other cash loans, 

Cash in the office of the companj^, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, ..... 



31, 1901. 

$14,250 00 

93,125 80 

532,136 75 

6,000 00 

10,000 00 

2,950 93 

7,111 50 

1,200 00 

17,025 44 



$683,800 42 



Liabilities. 

Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Commissions and brokerage, . 

Gross liabilities, 



Net cash assets, 



f305,864 25 
4,423 72 
2,404 04 



312,692 01 
$371,108 41 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, . 

Entire premiums collected, . . , 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Gross cash income, .... 



$14,049 31 
168,486 29 

$182,535 60 
17,025 44 

$165,510 16 
6,660 56 



sources, 



$158,849 60 

790 95 

5,197 93 

21,572 51 

325 21 

$186,736 20 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

Gross cash expenditures, . 



$55,962 00 

80,310 04 

23,917 17 

23,422 15 

994 11 

1,600 00 

$186,205 47 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$97 
102 



250 00 
550 00 



84,300 00 



76 WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1900, $42,765,391 00 $647,068 13 $647,068 13 

Risks written during 1901, . 11,218,195 00 168,486 29 168,486 29 



Total, .... $53,983,586 00 $815,554 42 $815,554 42 

Risks terminated during 1901, 12,449,360 00 192,907 93 192,907 93 



In force at end of year, . .$41,534,226 00 $022,646 49 $022,646 49 

Miscellaneous. 

Losses incurred during the year, $55,962 00 

Profits or surplus returned during 1901, 20, 40 and 60 per cent. 



WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE 
COMPANY, SPRINGFIELD. 

[Incorporated Jan. 18, 1894. Commenced business Feb. 15, 1894.] 
ELISHA MORGAN, President. CHAS. E. STICKS! V <>cretary. 

Summary of Assets Dec. 31, 1901. 
Cash in the office of the company, . . . $915 56 

Cash in hands of collecting agents, . . . 100 00 

Due on account of assessments, $50,494 44 

Gross assets, $1,015 56 

Liabilities. 

Unearned premiums on outstanding risks, . $1 25 

Return premiums on cancelled policies, . 3,189 19 

Due and accrued for rent, salaries, etc., . . 8,065 15 

Commissions and brokerage, .... 2 82 

Gross liabilities, 11,258 41 

Balance against the company, $10,242 85 

Income. 

Premiums on risks written or renewed, $2 50 

Received from assessments, 1,046 70 

Received from all other sources, 178 28 

Gross cash income, $1,227 48 

Expenditures. 

Cash paid for State and local taxes, $6 54 

Cash paid for incidentals, 930 85 

Gross cash expenditures, $937 39 



WEST NEWBURY MUTUAL FIRE INSURANCE CO. 



77 



Risks and Premiums. 



Risks outstanding Dec. 31, 1900, 
Risks written during 1901, 

Total, 

Risks terminated during 1901, . 

In force at end of year, . 



Amount. 

$500 00 
500 00 

$1,000 00 
500 00 

$500 00 



Cash Prem's. Conting't Prem's. 

$2 50 $7 50 
2 50 7 50 



&5 00 
2 50 



$2 50 



§15 00 
7 50 

$7 50 



WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, WEST 

NEWBURY. 

[Incorporated March, 1828. Commenced business April, 1828.] 
RICHARD NEWELL, President. MYRON H. GOODWIN, Secretary. 

[Note. — This company charges no cash premiums, but relies upon assessments on 
deposit notes to pay losses and expenses.] 



Summary of Assets Dec. 31, 1901. 



Cash in the office of the company, 
Cash deposited in bank, . 
Unpaid assessments, . 
Office furniture, 
Gross assets, 



Losses claimed and reported, 
Due for borrowed money, 
Commissions and brokerage, 
Gross liabilities, 



Liabilities. 



$13 47 

151 90 

68 78 



§85 00 

2,500 00 

2 69 



$234 15 



$2,587 69 



Income. 



Income from policy fees, . 
Assessments on deposit notes, . 



Gross cash income, 



Expenditures. 

Cash paid for losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for interest on borrowed money, . 
for incidentals, .... 

Gross cash expenditures, .... 



873 50 
7,162 62 

57,236 12 



$3,835 


88 


431 


53 


469 


20 


72 


16 


13 


75 


191 


95 


69 


43 



$5,083 90 



78 WHITING MUTUAL INSURANCE CO. 



Risks and Premiums. 

Amount. Conting"t Prem's. 

Risks outstanding Dec. 31, 1900, . . '. $1,880,725 00 f 117,080 36 

Risks written during 1901, .... 180,168 00 11,836 06 



Total, $2,060,893 00 §128,916 42 

Risks terminated during 1901 365,976 00 22,095 29 



lu force at end of year, $1,694,917 00 £106,821 13 

Miscellaneous. 

Losses incurred during the year, $2,234 00 

Assessments laid on deposit notes or contingent premiums, . 7,131 00 



WHITING MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated Nov. 9, 189S. Commenced business Jan. 1, 1899.] 
CHARLES E. STEVENS, President. BENJAMIN TAFT, Secretary. 

31 Milk Street. 
Detailed Statement of Bonds. 

Par Value. Market Ya'.ue. 

Chicago Terminal Transfer R.R. bonds, . . ,000 00 -84,500 00 

American Bell Telephone Co. bonds, . . 5,000 00 75 00 

New England Telephone & Telegraph bonds, 4,000 00 4,480 00 

American Tel. & Tel. Co. bonds, . . . 8,000 00 7,960 00 

Western Union Telegraph Co. bonds, . . 3,000 CO 3,225 00 



825,000 00 $25,140 00 

Summary of Assets Dec. 31, 1901. 

Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, 

Net cash assets, $4,918 95- 



10 66 




4,658 59 




432 50 




794 28 






831,036 OS 




826,095 87 




21 21 






26,117 08 





WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 79 



Income. 

Premiums outstanding Dec. 31, 1900, . . $1,57148 

Premiums on risks written or renewed, . . 16,447 09 



Total $18,018 57 

Premiums now in course of collection, . . 794 28 

Entire premiums collected, .... $17,224 29 

Interest and dividends received from all sources, . . . 903 83 



Gross cash income, $18,128 12 

Expenditures. 

Cash paid for losses, $4,627 66 

as profits on terminated policies, .... 3,491 17 

for State and local taxes, 146 20 



Gross cash expenditures, $8,265 03 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31,1900, $3,500,05'0 00 $31,04195 $ 62,083 90 

Risks written during 1901, . 2,595,380 00 16,447 09 32,894 18 



Total $6,095,430 00 $47,489 04 $94,978 08 

Risks terminated during 1901, . 1,072,888 00 5,33125 10,662 50 



In force at end of year, . . $5,022,542 00 $42,157 79 $84,315 58 
Deduct amount reinsured, . 276,260 00 736 51 1,473 02 



Net amount in force, . . $4,746,282 00 $41,42128 $82,842 56 

Miscellaneous. 

Losses incurred during the year, $3,425 00 

Profits or surplus returned during 1901, 75 per cent. 



WORCESTER MANUFACTURERS 1 MUTUAL INSURANCE COM- 
PANY, WORCESTER. 

[Incorporated March 31, 1855. Commenced business March 31, 1S55.J 
WALDO E. BUCK, President. CHARLES S. BACON, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

City National Hank (Worcester) stock, . . §3,000 00 §3,750 00 

Connecticut River R.R. stock, .... 10,000 00 29,000 00 



80 WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 



Norwich & Worcester R.R. stock, 

Union Pacific R.R. stock, . 

Northwestern Tel. Co. stock, . 

Concord & Montreal R.R. bonds, 

Boston & Lowell R.R. bonds, . 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago & Eastern Illinois R.R. bonds, . 

Rutland R.R. bonds, 

Old Colony R.R. bonds, . 

Fitchburg R.R. bonds, 

Boston & Maine R R. bonds, . 

Union Pacific R.R. bonds, 

Oregon Short Line R.R. bonds, 

Oregon R.R. & Navigation Co. bonds, 

Atchison, Topeka & Santa Fe R.R. bonds, 

Central R.R. of New Jersey bonds, 

Ogdensburg & Lake Champlain R'y bonds, 

Wisconsin Central R.R. bonds, 

Chic. June. R'y & Union Stock Yard Co. bonds 

Connecticut River R.R. scrip, . 

West End Street Railway bonds, 

Old Colony Steamboat Co. bonds," . i 

American Bell Telephone Co. bonds, 

American Tel. & Tel. Co. bonds, 

Rio Grande Western Railway bonds, 

Toronto, Hamilton & Buffalo R'y bonds, . 

Erie Railroad bonds, .... 

Union Pacific R.R. bonds, 

Cincinnati, Richmond & Muncie R.R. bonds, 



Par Value. 

85,200 00 
10,000 00 
10,000 00 
20,000 00 
20,000 00 
21,000 00 
15,000 00 
10,000 00 
15,000 00 
15,000 00 
20,000 00 

5,000 00 

5,000 00 
10,000 00 
15,000 00 
10,000 00 
10,000 00 
10,000 00 

6,000 00 
13,000 00 
10,000 00 
15,000 00 
25,000 00 
10,000 00 
10,000 00 

5,000 00 
10,000 00 

2,000 00 
10,000 00 



Market Va'.ue. 

|ll,700 00 

8,800 00 

12,500 00 

22,000 00 

22,800 00 

21,000 00 

16,650 00 

10,000 00 

16,650 00 

16,200 00 

25,600 00 

5,250 00 

5,900 00 

10,200 00 

15,450 00 

13,100 00 

10,300 00 

8,800 00 

6,600 00 

13,000 00 

10,800 00 

15,300 00 

25,000 00 

9,900 00 

10,000 00 

4,900 00 

9,500 00 

2,120 00 

10,800 00 



$355,200 00 $403,570 00 



Summary of Assets Dec. 31, 1901. 



Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



6403,570 00 

22 42 

45,095 53 

5,560 67 

4,203 45 



6 158,452 07 



Liabilities. 

Losses claimed and reported, .... $1,860 52 

Unearned premiums on outstanding risks, . 194,776 89 

State and local taxes, 1,362 24 

Gross liabilities, 



197,999 65 



Net cash assets, §260,452 42 



WORCESTER MUTUAL FIRE INSURANCE CO. 



81 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, ...... 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and retifrn premiums, 

Net cash premiums received, . 

Interest and dividends received from all sources, 



§3,500 06 
403,782 42 

$407,282 48 
4,203 45 

$403,079 03 
12,001 79 



$391,077 24 
16,800 80 



Gross cash income, §407,878 04 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for rents, .... 
for inspections, etc., 
for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1900, $46,694,570 00 $357,081 09 
Risks written during 1901, . 52,741,262 00 403,782 42 



Total, §99,435,832 00 $760,863 51 

Risks terminated during 1901, . 48,883,136 00 371,309 72 



$9,085 67 
339,531 24 
9,941 53 
3,805 52 
1,000 00 
6,070 32 
1,936 50 

$371,370 78 



Conting't Prem'a. 

$1,785,405 45 
2,018,912 10 

$3,804,317 55 
1,856,548 60 



In force at end of year, 



.$50,552,696 00 $389,553 79 $1,947,768 95 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 94 T 3 2 (, 3 o per cent. 



$10,946 00 



WORCESTER MUTUAL FIRE INSURANCE COMPANY, 

WORCESTER. 

[Incorporated Feb. 11, 1823. Commenced business May 1, 1824.] 
LEWIS N. GILBERT, President. ROGER F. UPHAM, Secretary. 



Amount of permanent fund, 



Detailed Statement of Stocks and Bonds. 



85 shares Worcester National Bank, 
22 " Central National Bank, . 



Par Value. 

$8,500 00 
2,200 00 



$420,000 00 



Market Value. 

$14,875 00 
2,420 00 



82 



WORCESTER MUTUAL FIRE INSURANCE CO. 



50 shares Citizens' National Bank, . 

100 " City National Bank, 
34 " Mechanics' National Bank, 
45 " Quinsigamond National Bank, 
40 " Fitchburg Nat'l Bank, Fitchburg, 
10 " Oxford National Bank, Oxford, 
15 " Blackstone Nat'l Bank, Uxbridge, 
20 " First Nat'l Bank, Westborough, 
25 " Wachusett Nat'l Bank, Fitchburg, 

Boston & Maine Railroad bonds, 

Boston & Albany R.R. bonds, . 

Cincin., Hamilton & Dayton R.R. bonds, 

Portland & Ruraford Falls R.R. bonds, 

Fitchburg Railroad bonds, 

N. Y., New Haven & Hartford R.R. bonds, 

Worcester, Nashua & Rochester R.R. bonds, 

Maine Central R.R. bonds, 

Penobscot Shore line R.R. bonds, 

Michigan Central R.R. bonds, . 

West End Street Railway bonds, 

Old Colony R.R. bonds, . 

Illinois Central R.R. bonds, 

Chicago, Burl. & Qnincy R.R. bonds, 

Ottumwa & Cedar Falls R.R. bonds, 

St. Paul, Minn. & Manitoba R.R. bonds, 

Boston & Lowell R.R. bonds, . 

Chic, Rock Island & Pacific R.R. bonds, 

Concord & Montreal R.R. bonds, 



Par Value. 

$5,000 00 

10,000 00 

3,400 00 

4,500 00 

4,000 00 

1,000 00 

1,500 00 

2,000 00 

2,500 00 

15,000 00 

10,000 00 

12,000 00 

10,000 00 

25,000 00 

20,000 00 

8,000 00 

5,000 00 

5,000 00 

6,000 00 

8,000 00 

20,000 00 

26,000 00 

15,000 00 

5,000 00 

10,000 00 

50,000 00 

10,000 00 

15,000 00 



Market Value. 
|7,000 00 

12,500 00 

3,400 00 

6,300 00 

5,600 00 

1,000 00 

1,500 00 

2,000 00 

3,000 00 

17,400 00 

10,500 00 

13,200 00 

10,100 00 

27,250 00 

21,700 00 

8,800 00 

5,500 00 

5,300 00 

6,480 00 

8,080 00 

21,800 00 

26,000 00 

15,000 00 

5,400 00 

11,350 00 

53,500 00 

10,300 00 

16,050 00 



Securities held as collateral for cash loans : — 

60 shares Howard Bros. Manuf. Co. stock, 
Mechanics' Savings Bank book, 



$319,600 00 8353,305 00 



Market Value. Loaned Thereon. 

86,000 00 85,000 00 
1,050 00 450 00 



87,050 00 85,450 00 



Summary of Assets Dec. 31, 1901. 

Cash value of unencumbered real estate, . $100,000 00 

Loans on mortgage of real estate (first liens*), 325,206 00 

Interest due or accrued thereon, . . . 7,424 45 

Stocks and bonds, as per schedule, . . . 353,305 00 

Loans on collateral security, as per schedule, . 5,450 00 

* Value of lands mortgaged $201,200 00 

Value of buildings thereon, 480,600 00 

Amount of insurance held as collateral, .... 344,500 00 



WORCESTER MUTUAL FIRE INSURANCE CO. 



83 



All other cash loans, .... 
Cash in the office of the company, . 
Cash deposited in bank, . . . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



$1,775 00 

614 93 

7,915 59 

5,026 03 

10,857 79 

740 07 



8818,314 86 



Liabilities. 

Losses claimed and reported, .... $1,500 00 

Unearned premiums on outstanding risks, . 308,189 37 

Return premiums on cancelled policies, . . 658 18 

Profits or surplus on terminated policies, unpaid, 2,780 16 

Due and accrued for repairs on real estate, . 500 00 

Commissions and brokerage, .... 3,606 93 

Gross liabilities, 



317,234 64 



Net cash assets, $501,080 22 



Income. 

Premiums outstanding Dec. 31, 1900, . . $12,697 11 
Premiums on risks written or renewed, . . 155,671 17 

. Total, $168,368 28 

Premiums now in course of collection, . . 10,857 79 

Entire premiums collected, .... $157,510 49 

Less reinsurance and return premiums, . . 6,598 55 

Net cash premiums received, . 

Received for extra premiums, . 

Interest and dividends received from all sources, 

Income from rents, .... 



Gross cash income, 



$150,911 94 

790 74 

29,550 16 

8,289 70 

$189,542 54 



Expenditures. 

Cash paid for losses, 

as profits onterminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for repairs on real estate, 

for incidentals, .... 



$30,585 87 

83,966 56 

21,730 15 

15,333 22 

5,143 45 

3,277 12 

8,387 53 



Gross cash expenditures, 



$168,423 90 



84 WORCESTER MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Contlng't Prem's. 

Risks outstanding Dec. 31, 1900, $43,446,668 00 $610,985 51 1610,985 51 

Risks written during 1901, . 11,182,176 00 155,671 17 155,671 17 



Total, $54,628,844 00 $766,656 68 $766,656 68 

Risks terminated during 1901, . 10,434,013 00 148,613 99 148,613 99 



In force at end of year, , .$44,194,83100 $618,042 69 $618,042 69 

Miscellaneous. 

Losses incurred during the year, $81,163 00 

Profits or surplus returned during 1901, 25, 50 and 70 per cent. 



AGGREGATE. 



Guaranty capital, . 
Gross present assets, 



Assets. 



Liabilities. 



Gross present liabilities, .... 

Income. 
Cash received for premiums during the year, 
for interest and dividends, . 
for assessment on deposit notes, 
for rents, .... 
from all other sources, . 

Gross cash income, .... 



Expenditures. 

Cash paid for losses, 

for brokerage and commissions on premiums, 
for salaries and fees of officers and employees, 
for interest on borrowed money, 
for State and local taxes, 

for rents, 

for return of profits or surplus, . 
for dividends on guaranty capital, 
for all other expenditures, . 

Total expenditures, 

General Items. 
Risks written during the year, .... 

terminated during the year, 

outstanding at end of year, 
Amount of contingent premiums receivedjtaereon, 

of losses incurred during the year, . 

of permanent fund, 



$ 100,000 
$11,855,949 

$5,653,888 



$5,772,916 

439,866 

12,091 

36,125 

6,070 

$6,267,068 



$1,072,837 

263,868 

310,927 

792 

72,531 

20,719 

4,080,642 

7,000 

248,430 

$6,077,746 



$643,892,267 

635,324,415 

954,026,899 

26,944,610 

1,194,226 

3,972,773 



MASSACHUSETTS 

Mutual Fire-Harine Insurance Companies. 



Detailed Statement of Assets and Liabilities, with Abstract 

op Annual Statements, for the Year ending 

December SI, 1901. 



88 



CHIXA MUTUAL INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



CHINA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 30, 1853. Commenced business Oct. 1, 1853.] 

EDMUND A. POOLE, President. WILLIAM H. LORD, Secretary. 

Office, 70 Kilby Street. 



Detailed Statement of Stocks, etc. 

Par Value. 

300 shares N. Y., N. H. & Hartford RR, . $30,000 00 
200 " Boston & Albany Railroad, . . 20,000 00 

Atlantic Mutual Insurance Co. scrip, . . 3,210 00 



Market Value. 

163,600 00 

52,200 00 

3,402 00 



Summary of Assets Dec 

Stocks, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 

Bills receivable, 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Commissions and brokerage, etc., . 
Gross liabilities, except scrip, . 

Surplus as regards policy holders, 
Scrip outstanding, not ordered to be redeemed, 

Impairment of scrip reserve, . 



$53,210 00 $119,202 00 

31, 1901. 

$119,202 00 

6,665 20 

80,576 73 

50,663 58 

43,391 77 

5,000 00 

$305,499 28 



84,570 00 
48,373 05 

§52,943 05 
8,650 00 

$44,293 05 

135,350 99 

60 00 

154 90 

5,000 00 



184,858 94 

£120,640 34 
506,090 00 

$385,449 66 



CHINA MUTUAL IXSURANCE CO. 



89 



Income. 

Marine premiums outstanding Dec. 31, 1900, . $62,967 99 
Premiums on risks written or renewed, . . 450,149 82 

Total, |513,117 81 

Premiums now in course of collection, . . 50,663 58 

Entire premiums collected, .... $462,454 23 
Less reinsurance and return premiums, . . 71,849 01 

Net cash marine premiums received, . . 

Interest and dividends received from all sources, . 

Gross cash income, 



$390,605 22 
5,194 25 

$395,799 47 



Expenditures. 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Interest paid scrip holders, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, .... 



$312,828 39 
45,482 05 



8267,346 34 
15,182 00 
21,951 79 
18,295 00 
3,510 99 
12,442 34 

. $338,728 46 



Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1900, . . $9,064,527 00 $252,380 31 



Marine risks written during 1901, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. 31,189,210 00 450,149 82 



.$40,253,737 00 $702,530 13 
. 30,147,101 00 462,209 14 



.$10,106,636 00 $240,320 99 
327,069 00 14,601 37 



1,779,567 00 $225,719 62 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Marine and inland losses incurred during the year, 



$18,572,661 00 

. 13,242,225 00 

219,900 00 



90 



INDIA MUTUAL INSURANCE CO. 



INDIA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 29, 1867. Commenced business May 2, 1867.] 

Guaranty Fund paid up in Notes, $150,000. 

H. B. ALDEN, President. GEO. H. CROWE LL, Secretary. 

Office, 72 Kilby Street. 



Detailed Statement of Stocks, etc. 

Par Value 

150 shares Old Colony R.R., . 



80 " Boston & Maine R.R., . 

125 " West End R.R., 

100 " N.Y., New Haven & Hart. R.R., 

25 " Fitchburg R.R., 

10 " Boston & Albany R.R., . 

10 " Pullman Palace Car Co., 

10 " Southern Oregon Co., 

15 " Massachusetts Electric R'y, . 



f 15,000 00 
8,000 00 
6,250 00 
10,000 00 
2,500 00 
1,000 00 
1,000 00 
1,000 00 
1,500 00 



Company's own scrip, 



$5,801 00 



646,250 00 
Summary of Assets Dec. 31, 1901. 



Stocks, etc., as per schedule, .... 
Cash in the office of the company, . 

Cash deposited in bank, 

Premiums in course of collection (gross), 
Subscription notes on time not exceeding twelve 

months not yet due, 

Prem's more than three mos. due, $1,358 24 
Gross assets, 



$92,102 00 

1,165 77 

5,262 23 

11,970 09 

150,000 00 



Liabilities. 



Losses claimed and reported, 
Less reinsurance, 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Interest due or accrued on scrip, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 
Gross liabilities, except guaranty fund, 

Surplus as regards policy holders, . 

Guaranty fund, 

Scrip outstanding, not ordered to be redeemed, 

Impairment of scrip reserve, . 



?7,486 41 
77 06 

§7,409 35 

45,404 28 

721 93 

138 85 

2,633 -40 

218 37 

30 22 



$150,000 00 
150,471 00 



Market Value. 

$31,500 00 

15,280 00 

14,062 00 

21,200 00 

3,625 00 

2,610 00 

2,180 00 

250 00 

1,395 00 

692,102 00 



6260,500 09 



56,556 40 
§203,943 69 



300,471 00 
696,527 31 



INDIA MUTUAL INSURANCE CO. 



91 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of .collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Income from investments, 

Gross cash income, . 



$9,646 66 

41 43 

$9,605 23 

88,299 83 

$97,905 06 

13,328 33 

$84,576 73 

12,540 46 



$72,036 27 
3,496 74 
3,857 87 

$79,390 88 



Expenditures. 
Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, 
Interest paid scrip holders, 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent, 

for incidentals, .... 

Gross cash expenditures, .... 



$42,789 39 
1,732 30 



§41,057 09 
4,035 88 
3,967 47 
15,349 56 
7,212 50 
253 97 
1,500 00 
1,621 70 

f74,998 17 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. §6,270,762 00 
. 7,913,702 00 



Premiums. 

$73,626 04 

88,299 83 



.$14,184,464 00 $161,925 87 
. 6,595,268 00 71,728 12 



. $7,589,196 00 
297,549 00 



$90,197 75 
3,151 40 



. $7,291,647 00 687,046 35 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Marine and inland losses incurred during the year, 



$3,806,616 00 

2,737,005 00 

44,413 00 

1,787 00 



AGGREGATE. 



Whole amount of guaranty fund, in subscription notes, 
Whole amount of outstanding scrip not cancelled, 



Gross present assets, 



Assets. 



Liabilities. 



Gross present liabilities, 

Income. 
Cash actually received for fire premiums, . 
actually received for marine premiums, 
for interest and dividends from all sources, 
from all other sources, 

Gross cash income, 

Expenditures. 

Cash actually paid during the year for fire losses, 

actually paid during the year for marine losses, 
for brokerage and commissions on premiums, 
for salaries and pay of officers and employees, 
for State and local taxes, .... 
for office agency and incidental expenses, . 

Interest paid scrip holders, 

Gross cash expenditures, .... 

Miscellaneous. 
Whole amount of fire risks written during the year, 
premiums charged or receivable thereon, 
marine risks written during the year, 
premiums charged or receivable thereon, 
fire risks terminated during the year, 
marine risks terminated during the year, 
fire risks outstanding at end of year, 
marine risks outstanding at end of year, 
fire losses incurred during the year, . 
marine losses incurred during the year, 



1150,000 
656,561 



$565,999 



$241,415 



$72,036 

390,605 

8,691 

3,858 

$475,190 



$41,057 
271,382 
37,301 
25,508 
3,765 
15,564 
19,149 

$413,726 



67,913,702 

88,300 

31,189,210 

450,150 

6,595,268 

30,147,101 

7,291,647 

9,779,567 

44,413 

219,900 



MASSACHUSETTS 

JOINT-STOCK FIRE, MAEINE AND FIRE-MAKINE 

INSURANCE COMPANIES. 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1901. 



94 



AMERICAN INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated June 12, 1818. Commenced business June 18, 1818.] 

Paid-up Capital, $300,000. 

FRANCIS PEA BODY, President. HENRY S. BEAN, Secretary. 

Office, 30 Kilby Street. 



Detailed Statement of Stocks 



222 shares Old Boston National Bank, 

62 

66 
121 
280 
100 

28 

69 
168 
482 

13 
200 

80 



New England National Bank, 
Suffolk National Bank, . 
State National Bank, 
National Union Bank, 
Merchants' National Bank, 
Tremont National Bank, 
Washington National Bank, . 
National Shawmut Bank, 
Boston & Albany R.R., . 
Boston & Lowell R.R., . 
Old Colony Railroad, 
Merrimack Manufacturing Co., 

Chicago, Burl. & Quincy R.R. bonds, 

Eastern R.R. bonds, 

Chic, Mil. & St. Paul R.R. bonds, . 

Cincin., Ind., St. Louis & Chic. R.R. bonds, 

Massachusetts State bonds, 

United States bonds, 

Boston Terminal Co. bonds, 

American Tel. & Tel. Co. bonds, 

Somerset Hotel Trust bonds, , 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



and Bonds. 

Par Value. 

$22,200 00 

6,200 00 

6,600 00 

12,100 00 

28,000 00 

10,000 00 

2,800 00 

6,900 00 

16,800 00 

48,200 00 

6,500 00 

20,000 00 

8,000 00 

47,000 00 

20,000 00 

25,000 00 

40,000 00 

18,000 00 

6,000 00 

20,000 00 

25,000 00 

35,000 00 



Market Value. 

622,644 00 

9,300 00 

8,910 00 

14,762 00 

43,680 00 

17,500 00 

280 00 

9,315 00 

40,320 00 

125,320 00 

15,665 00 

42,000 00 

8,080 00 

47,470 00 

22,200 00 

32,250 00 

42,000 00 

18,540 00 

8,370 00 

23,200 00 

24,812 50 

35,000 00 



8430,300 00 8611,618 50 

31, 1901. 

8611,618 50 

596 60 

32,293 06 

3,344 50 

77,467 30 

8725.319 96 



AMERICAN INSURANCE CO. 



95 



Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed and reported, . 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$9,146 72 
33,248 95 

§42,395 67 
3,946 46 

$38,449 21 

229,481 74 

3,968 62 

331 03 

15,827 64 

17,363 11 

1,833 00 



Surplus over capital, . 



- $307,254 35 

. £418,065 61 
300,000 00 

. $118,065 61 



Income. 

Fire premiums outstanding Dec. 31, 1900, . 846,640 11 
Premiums on risks written or renewed, . . 422,567 29 

Total, $469,207 40 

Premiums now in course of collection, . . 77,467 30 

Entire premiums collected, .... $391,740 10 
Less reinsurance and return premiums, . . 93,475 92 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 

Income from all other sources, 

Gross cash income, 



£298,264 18 

21,316 34 

250 00 

$319,830 52 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$164,922 22 
24,402 39 



$140,519 83 
18,000 00 
71,748 61 
19,315 18 
8,981 37 
25,066 87 



Gross cash expenditures, . 



. $283,631 86 



96 



BOSTON INSURANCE CO. 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . -8,051,898 00 ?408,77G 51 

Fire risks written during 1901, . . . 37,670,375 00 422,567 29 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$75,722,273 00 8831,343 80 
29,499,845 00 320,303 23 



.846,222,428 00 $511,040 57 
. 6,598,113 00 76,300 46 



.839,624,315 00 8134,7. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company^ stock owned by directors, .... 



813,218,371 00 

8,743,838 00 

163,975 00 
2,87- 

18,000 00 

40,600 00 



BOSTON INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 23, 1S73. Commenced business Jan. 20, 1874.] 

Paid-up Capital, $1,000,000. 

RANSOM B. FULLER, President. THOMAS H. LORD, Secretary. 

Office, 95 Kilby Street. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Boston city bonds, 8125,000 00 6138,875 00 

Chicago, Burlington & Quincy R.R. bonds, . 10,000 00 10,407 50 

Brookline Gas Light Co. bonds, . . . 25,000 00 27,406 25 

Newton city bonds, 25,000 00 28,000 00 

West Shore R.R. bonds, 5,000 00 5,700 00 

Boston & Lowell Railroad bonds, . . . 25,000 00 28,312 50 

Oregon Short Line R.R. bonds, . . . 10,500 00 13,397 50 

Fitchburg Railroad bonds, .... 35,000 00 39,312 50 

Wisconsin Central R.R. bonds, . . . 12,000 00 10,860 00 

Illinois Central R.R. bonds, .... 25,000 00 25,562 50 

X. Y. Cent. & Hudson River R.R. bonds, . 2<»,000 00 19,525 00 

Old Colony R.R. bonds, 15,000 00 16,8l'0 00 

Atch., Topeka & Santa Fe R.R. bonds, . . 86,000 00 85,395 00 

Southern R'y Co. bonds 2,000 00 

Great Britain exchequers, .... 14,535 00 14,389 65 

717 shares American Tel. & Tel. Co., . . 71,700 00 116,154 00 

350 " Boston & Albany R.R., . . . 35,000 00 91,350 00 

100 " Boston & Lowell R.R., . . . 10,000 00 24.100 00 

250 " Fitchburg R.R. Co., . . . 25,000 00 36,000 00 



BOSTON INSURANCE CO. 



97 



ares N. Y. Cent. & Hud. River R.R. Co., 

" N. Y , New Haven & Hart. R.R. Co , 

" Old Colony K.R. Co., 

" Pullman Palace Car Co., 

" Conn. & Passumpsic Riv. R.R. Co 

" Wisconsin Central R'y Co., 

•« Chic, Milwaukee & St. Paul R'y, 

" Pennsylvania R.R. Co,, . 

" Manchester & Lawrence R.R. Co., 

" Edison Electric Illuminating Co., 

" Manchester Mills, 

" Atlantic Bank, 

" Atlas Bank, 

" Beverly Bank, . 

" Brookline Bank, 

" Commercial Bank, 

" Exchange Bank, 

" First Bank, 

" First Bank, Salem, 

" Freeman's Bank, 

" Grand Bank, Marblehead, 

" Hide & Leather Bank, . 

" Lincoln Bank (in liquidation) 

" Massachusetts Bank, 

M Mercantile Bank, Salem, 

" Merchants 1 Bank, . 

" Merchants' Bank, Salem, 

" National Shawmut Bank, 

" Naumkeag Bank, Salem, 

" New England Bank, 

11 Old Boston Bank, . 

" Railroad Bank, Lowell, 

" Republic Bank, 

11 Second Bank, . 

" State Bank, 

" Suffolk Bank, . 

" Tremont Bank (in liquidation), 



Par Value. 

§80,000 00 

30,000 00 

10,000 00 

30,000 00 

5,000 00 

12,000 00 

22,000 00 

40,000 00 

3,000 00 

5,400 00 

20,000 00 

10,000 00 

11,000 00 

13,000 00 

10,000 00 

18,200 00 

10,000 00 

10,000 00 

10,000 00 

12,500 00 

1,700 00 

7,300 00 

1,660 00 

25,000 00 

10,000 00 

25,000 00 

5,000 00 

20,000 00 

10,000 00 

15,000 00 

10,000 00 

5,000 00 

15,000 00 

20,000 00 

30,000 00 

6,700 00 

2,500 00 



Market Value. 

$133,800 00 

63,600 00 

21,000 00 

65,400 00 

8,100 00 

3,772 50 

36,327 50 

60,200 00 

7,560 00 

13,068 00 

20,400 00 

12,200 00 

11,811 25 

18,606 25 

12,625 00 

24,206 00 

13,950 00 

17,500 00 

8,000 00 

12,625 00 

1,972 00 

9,161 50 

1,660 00 

28,187 50 

10,200 00 

43,875 00 

6,450 00 

48,000 00 

12,525 00 

21,600 00 

10,000 00 

6,531 25 

22,650 00 

36,100 00 

37,500 00 

9,045 00 

2,500 00 



$1,148,695 00 $1,606,276 15 



Securities held as collateral for cash loans : — 
83 shares Boston Safe Deposit and Trust Co., . 



Market Value. Loaned Thereon. 

$20,750 00 §15,000 00 



Summary of Assets Dec. 31, 1901. 

Cash value of unencumbered real estate, . $20,000 00 

Loans on mortgage of real estate (first liens *), 1,256,150 00 

Interest due or accrued thereon, . . . 8,616 61 



* Value of property mortgaged, $2,696,600 00 

Amount of insurance held as collateral, .... 1,056,700 00 



98 



BOSTON INSURANCE CO. 



Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for Ore, marine and inland risks. 
Reinsurance due on losses paid, 
Atlantic Mutual Insurance Co. scrip, 
Return premiums, etc., .... 
Prem's more than three mos. due, 811,426 42 
Matured notes not paid, . . 5,797 15 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed, reported and resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



81,606,276 15 

15,000 00 

13,477 16 

452,781 94 

3,929 29 

216,612 56 

83,474 88 

3,391 94 

1,750 00 

1,027 41 



$3,682,487 94 



$31,594 05 
170,245 00 

$201,839 05 
6,814 69 

$195,024 36 

700,450 95 

24,773 78 

10,496 96 

1,968 27 



- 932,714 32 

. $2,749,773 62 
. 1,000,000 00 



. $1,749,773 62 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1900, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash marine premiums received, 



$52,546 42 
846,640 22 

§899,186 64 
97,548 74 

$801,637 90 
257,953 31 

8312,301 63 
1,111,254 37 

$1,423,556 00 
219,762 27 

$1,203,793 73 
220,016 03 



$543,684 59 



$983,777 70 



BOSTON INSURANCE CO. 



99 



Interest received on mortgages, .... 
Interest and dividends received from all other sources, 

Income from rents, 

Profit on sale of securities, 

Income from all other sources, .... 

Gross cash income, 



$44,220 41 
75,875 43 

1,587 00 
69,569 99 

6,369 80 

$1,725,084 92 



Expenditures 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for repairs on real estate, 

for incidentals, 

Gross cash expenditures, . 



$444,668 75 
64,003 98 

$566,504 31 
116,189 64 



$380,664 77 



450,314 67 
130,000 00 
245,463 49 
133,740 21 

36,061 48 
317 39 

80,038 83 



. $1,456,600 84 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . .$85,341,437 00 $915,150 97 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



. 80,651,759 00 846,640 22 



$165,993,196 00 $1,761,791 19 
. 68,673,746 00 741,785 17 



. $97,319,450 *00 $1,020,006 02 
. 14,772,634 00 149,852 40 



,546,816 00 $870,153 62 



. $6,602,899 00 $426,154 24 
.162,851,627 00 1,111,254 37 



$169,454,526 00 $1,537,408 61 
. 162,797,158 00 1,134,396. 31 



1,657,368 00 $403,012 30 
327,965 00 21,169 21 



Net amount in force, . 



1,329,403 00 $381,843 09 



100 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (13 per cent.), 
Company's stock owned by directors, . . . . 



?33,324,984 00 
22,468,308 00 
471,257 00 
563,036 00 
2,360,000 00 
130,000 00 
93,800 00 



MERCANTILE FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Feb. 11, 1823. Commenced business May, 1823.] 

Paid-up Capital, $400,000. 

GEO. R. ROGERS, President. JAMES SIMPSON, Secretary. 

Office, 47 Eilby Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

City of Boston bonds, $10,000 00 $10,700 00 

Kan. city, Ft. Scott & Memphis R.R. bonds, . 5,000 00 6,150 00 

Oregon R'y^fe Navigation Co. bonds, . . 2,000 00 2,040 00 

Concord & Montreal R.R. bonds, . . . 10,000 00 10,962 00 

Old Colony R.R. bonds 25,000 00 27,787 00 

City of Cambridge, Mass., bonds, . . . 5,000 00 5,350 00 

Boston & Albany R.R. bonds, .... 15,000 00 16,200 00 

Boston & Lowell R.R. bonds, .... 5,000 00 5,300 00 

City of Lowell, Mass., bonds, .... 5,00000 5,61000 

Boston & Maine R.R. bonds, .... 10,000 00 11,550 00 

City of Taunton bonds, 5,000 00 5,650 00 

Fitchburg R.R. bonds, 4,000 00 4,150 00 

City of Providence, R. L, bonds, . . . 10,000 00 11,300 00 

Boston Terminal Co. bonds, .... 15,000 00 17,400 00 

N. Y., N. H. & Hartford R.R. bonds, . . 10,000 00 10,500 00 

West End R.R. bonds, 5,000 00 5,200 00 

Chicago, Burl & Quincy R.R. bonds, . . 10,000 00 10,250 00 

Fitchburg R.R. bonds, 10,000 00 10,532 00 

Northern Pacific & Gt. Northern R.R. bonds, . 15,000 00 14,512 00 

West End R.R. bonds 10,000 00 10,000 00 

St. Louis Transit, collateral trust bonds, . . 15,000 00 14,700 00 

Illinois Central R.R. (St. Louis) bonds, . . 10,000 00 9,000 00 

Mexican Central R.R. collateral notes, . . 10,000 00 10,000 00 

New England National Bank stock, . . 16,000 00 24,000 00 

National Shawmut Bank stock, . . . 5,500 00 12,650 00 

Railroad National Bank stock, .... 1,800 00 2,376 00 

State National Bank stock, .... 17,800 00 21,360 00 

Suffolk National Bank stock, .... 15,60000 21,06000 

Third Nat'l Bank (in liquidation), ... - 1,10000 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



101 



Union National Bank stock, .... 
Boston & Providence R.R. stock, 

Lyman Mills stock, 

Union Pacific R.R. stock, 

Securities held as collateral for cash loans : — 

Illinois Central R.R. (Louisville) bonds, 
Massachusetts State bonds, 
Chicago, Mil. & St. Paul R.R. bonds, 

Taunton city bonds, 

Boston city bonds, 



Par Value. 

$20,000 00 

20,000 00 

10,000 00 

3,500 00 



Market Value. 

$31,200 00 

60,200 00 
7,000 00 
3,605 00 



$331,200 00 $419,394 00 

Market Value. Loaned Thereon. 

$11,220 00 s 

7,700 00 

5,600 00 J. $40,000 00 

11,900 00 I 

7,875 00 J 



$44,295 00 $40,000 00 



Summary of Assets Dec 

Loans on mortgage of real estate (first liens *) 
Interest accrued thereon, .... 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Prem's more than three mos. due, $1,572 09 
Gross assets, 

Liabilities. 
Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



31, 1901. 

$184,100 00 

1,374 65 

419,394 00 

40,000 00 

5,527 00 

34,955 92 

3,301 48 

74,738 69 



$763,391 74 



Surplus over capital, 



$31,000 32 
7,125 00 

$38,125 32 
10,352 16 

$27,773 16 

194,375 62 

2,318 12 

100 01 

10,484 99 

10,885 55 

485 01 



246,422 46 

$516,969 28 
400,000 00 

$116,969 28 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$201,325 00 
185,400 00 
194,050 00 



102 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



Income. 
Fire premiums outstanding Dec. 31, 1900, . $29,830 70 
Premiums on risks written or renewed, . . 489,569 25 

Total, $519,399 95 

Premiums now in course of collection, . . 76,310 78 

Entire premiums collected, .... $443,089 17 
Less reinsurance and return premiums, . . 222,923 49 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, ........ 



8220,165 68 

6,987 66 

13,450 26 

$240,603 60 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



Gross cash expenditures, . 



8125,333 96 
16,000 00 
62,838 74 
24,021 97 
5,326 40 
24,056 71 

8257,577 78 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . .$37,724,452 00 $396,259 13 
Fire risks written during 1901, . . . 44,107,447 00 489,569 25 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$81,831,899 00 $885,828 38 
. 29,589,796 00 310,639 57 



.$52,242,103 00 8575,188 81 
. 22,169,773 00 225,553 17 



. $30,072,330 00 $349,035 64 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (4 per cent.), . 
Company's stock owned by directors, .... 



$9,852,493 00 

6,289,406 00 

136,286 00 

2,308,720 00 

16,000 00 

146,900 00 



NORTH AMERICAN INSURANCE CO. 



103 



NORTH AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated December, 1872. Commenced business Jan. 1, 1873.] 

Paid-up Capital, $200,000. 

CHARLES E. MACULLAR, President. CHARLES L. WOODSIDE, Secretary. 

Office, 59 Kilby Street. 



Detailed Statement of Stocks 



Chicago, Burl. & Quincy R.R. bonds, 
Central R.R. of Vermont bonds, 
Ogdensburg & Lake Champlain R.R. bonds, 
Union Pacific R.R. bonds, 
Chic. June. & Union Stock Yards R.R. bonds, 
American Bell Telephone Co. bonds, 
Massachusetts water loan, 

Newton city bonds, 

Hartford, Conn., city bonds, 

17 shares Exchange National Bank, 

29 ■ 
143 ■ 

50 ' 
100 ' 

67 ' 

50 ' 



Hide & Leather National Bank, 
Old Boston National Bank, 
Shoe & Leather National Bank, 
State National Bank, 
Suffolk National Bank, . 
Northern R.R., 



and Bonds. 

Par Value. 

$14,000 00 

5,000 00 

4,000 00 

15,000 00 

5,000 00 

15,000 00 

15,000 00 

15,000 00 

10,000 00 

1,700 00 

2,900 00 

14,300 00 

5,000 00 

10,000 00 

6,700 00 

5,000 00 



Market Value. 

$14,550 00 

4,375 00 

4,120 00 

15,825 00 

5,500 00 

15,000 00 

16,575 00 

17,700 00 

10,762 50 

2,499 00 

3,915 00 

14,639 62 

7,762 50 

12,500 00 

9,045 00 

8,700 00 



$143,600 00 $163,468 62 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 
Prem's more than three mos. due, $803 00 
Gross assets, 



31, 1901. 

$46,550 05 

44,000 00 

586 96 

163,468 62 

4,048 60 

2,859 62 

1,341 66 

23,483 12 

165 00 

2,682 05 



$289,185 68 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$33,700 00 
73,700 00 
67,400 00 



104 



NORTH AMERICAN INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 

Income 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 
Profit on sale of investments, . 



other 



$5,731 68 
4,042 48 

$9,774 16 
500 00 

$9,274 16 

54,190 76 

2,542 91 

1,632 48 



$37,992 83 
200,669 81 

$238,662 64 
24,286 12 

$214,376 52 
124,142 28 



sources, 



667,640 31 

1221,545 37 

200,000 00 

$21,545 37 



$90,234 24 
2,806 48 
8,274 17 
1,883 62 
4,723 43 



Gross cash income, 1107,921 94 



Expenditures. 

Cash paid for fire losses, $130,381 44 

Deduct salvage and reinsurance, .' . . 35,154 85 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 

for incidentals, 

Borrowed money repaid, 835,000 00 



$95,226 59 

5,128 00 

13,222 40 

17,659 00 

4,586 04 

10,336 80 



Gross cash expenditures, 



$146,158 83 



SPKINGFIELD FIRE AND MARINE, INSURANCE CO. 



105 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . . 9 
Deduct amount reinsured, 

Net amount in force, . 



. $ 32,965,388 00 
. 20,083,192 00 

. $53,048,580 00 
. 26,545,549 00 

. $26,503,031 00 
. 15,755,858 00 



Premiums. 

$311,838 91 
200,669 81 

$512,508 72 
255,287 38 

$257,221 34 
150,304 11 



.$10,747,173 00 $106,917 23 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (2£ per cent.), 
Company's stock owned by directors, .... 



$3,623,375 00 

2,893,414 00 

96,431 00 

378,000 00 

5,000 00 

59,300 00 



SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY, 

SPRINGFIELD. 

[Incorporated 1849. Commenced business 1851.] 

Paid-up Capital, $2,000,000. 

A. W. DAMON, President. W. J. MACKAY, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

1,500 shares Boston & Albany R.R., . . $150,000 00 $382,500 00 

500 " Boston & Lowell R.R., . . 50,000 00 120,000 00 

1,150 " Chic, Milwaukee & St. Paul R'y, 115,000 00 210,750 00 

400 " Connecticut R.R., . . . . 40,000 00 112,000 00 

500 " Conn. & Passumpsic Rivers R.R., 50,000 00 52,500 00 

500 " Fitchburg Railroad, . . . 50,000 00 70,000 00 

700 " Great Northern Railway, . . 70,000 00 126,000 00 

750 " Illinois Central Railroad, . . 75,000 00 101,250 00 

1,000 " New York & Harlem R.R., . . 50,000 00 200,000 00 

2,050 " N. Y., New Haven & Hart. R.R., . 205,000 00 430,500 00 

500 " Old Colony R.R., .... 50,000 00 105,000 00 

3,000 u Pennsylvania Railroad, . . 150,000 00 225,000 00 

240 " Rome, Watert'n & Ogdens. R.R., . 24,000 00 32,400 00 

1,000 « Union Pacific Railroad, . . 100,000 00 90,000 00 

200 " Fourth National Bank, N. Y., . 20,000 00 47,000 00 

100 " Nat'l Bank of Commerce, N. Y„ . 10,000 00 36,000 00 

100 " Nat'l Bank of N. America, N. Y., . 10,000 00 28,500 00 



106 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



100 shares Atlas National Bank, Boston, 
150 " Boylston National Bank, Boston, 
100 " Eliot National Bank, Boston, 
62 " • Freeman's Nat'l Bank, Boston, 
150 " Merchants' Nat'l Bank, Boston, 
113 " Nat'l Bank of Commerce, Boston 
100 " Nat'l B'k of the Republic, Boston 
100 " National Exchange Bank, Boston 
150 " National Shawmut Bank, Boston 
100 " National Webster Bank, Boston, 
100 " New England Nat'l Bank, Boston 
100 " Old Boston Nat'l Bank, Boston, 
100 " Washington Nat'l Bank, Boston, 
120 " Agavvam Nat'l Bank, Springfield 
250 " Chapin Nat'l Bank, Springfield, 
208 " Chicopee Nat'l Bank, Springfield 
100 " City National Bank, Springfield, 
329 " First National Bank, Springfield 
200 " John Hancock N'l B'k, Springfield 
244 " Second National B'k, Springfield 
280 " Third National Bank, Springfield 
171 " First National Bank, Chicopee, 
81 " Franklin Co. Nat'l B'k, Greenfield 
285 " City National Bank, Holyoke, 
94 " Monson National Bank, Monson, 
20 " Adams Nat'l Bank, No. Adams, 
60 " First Nat'l Bank, Northampton, 
50 " Northampton N'l B'k, N'hampton 
37 " Palmer National Bank, Palmer, 
75 " Ware National Bank, Ware, 
100 " St. Paul N'l Bank, St. Paul, Minn. 
500 " Pullman's Palace Car Co., . 

1,500 " West End Street Railway, . 
700 " Holyoke Street Railway, 

1,000 " Springfield Street Railway, . 

1,000 " Worcester R'ys and Investm't Co. 

United States bonds, .... 

City of Boston bonds, .... 

Chicago, Burl. & Quincy R.R. bonds, 

Chic. & Northwest'n R'y sinking fund bonds, 

N. Y., New Haven & Hartford R.R. bonds, 

Northern Pacific-Great Northern bonds, 

St. Paul, Minn & Manitoba R'y bonds, 

Union Pacific bonds, 

Berkshire (Mass.) Water Co. bonds, 

Holyoke Street Railway bonds, 

Torrington Co. bonds, 



Par Value. 

$10,000 00 

15,000 00 

10,000 00 

6,200 00 

15,000 00 

11,300 00 

10,000 00 

10,000 00 

15,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

12,000 00 

25,000 00 

20,800 00 

10,000 00 

32,900 00 

20,000 00 

24,400 00 

28,000 00 

17,100 00 

8,100 00 

28,500 00 

9,400 00 

2,000 00 

6,000 00 

5,000 00 

3,700 00 

7,500 00 

10,000 00 

50,000 00 

75,000 00 

70,000 00 

100,000 00 

100,000 00 

60,000 00 

25,000 00 

14,000 00 

49,000 00 

60,000 00 

25,000 00 

50,000 00 

20,000 00 

15,000 00 

8,000 00 

25,000 00 



Market Value. 

fl 1,000 00 

15,750 00 

16,500 00 

6,200 00 

26,250 00 

14,690 00 

15,000 00 

14,000 00 

36,000 00 

11,500 00 

15,000 00 

10,000 00 

13,500 00 

9,000 00 

30,000 00 

32,240 00 

14,500 00 

36,190 00 

21,000 00 

32,940 00 

58,800 00 

23,085 00 

8,505 00 

32,775 00 

12,690 00 

2,300 00 

7,500 00 

10,000 00 

3,700 00 

7,875 00 

9,000 00 

105,000 00 

155,000 00 

147,000 00 

210,000 00 

100,000 00 

78,000 00 

25,000 00 

14,000 00 

53,900 00 

120,000 00 

23,750 00 

57,500 00 

20,000 00 

15,000 00 

S,000 00 

25,000 00 



$2,377,900 00 $4,034,040 00 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



107 



Securities held as collateral for cash loans : — 



30 shares Third National Bank, Springfield, 
68 " Boston & Albany R.R. Co., . 
135 " N. Y.,\N. H. & Hartford R.R. Co., 
15 " Agawam Nat'l Bank, Springfield, 
90 " Revere, Mass., Water Co., 
30 " Eastern Oil Co., Olean, N. Y., 



Market Value. Loaned Thereon. 



$6,300 00 
17,340 00 
28,350 00 

1,125 00 
18,000 00 

3,150 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 

Gross assets, 

Deduct special deposits in other States, . 



Balance, $5,810,623 65 



$222,325 00 

554,450 00 

13,623 23 

4,084,040 00 

21,375 00 

8,610 34 

409,699 06 

27,308 37 

543,336 02 

1,355 84 

12,500 79 



$2,775 00 
6,500 00 

1,100 00 
9,000 00 
2,000 00 



$74,265 00 $21,375 00 



$5,898,623 65 
88,000 00 



Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$85,822 31 

298,173 50 

34,756 01 

$418,751 82 
79,311 32 

$339,440 50 

2,163,584 45 

108,667 20 

4,576 22 

12,616,268 37 
43,765 24 



2,572,503 13 

. $3,238,120 52 
. 2,000,000 00 

. $1,238,120 52 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$383,100 00 
653,400 00 
669,400 00 



108 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 81, 1900, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 



Gross cash income, 



other 



Expenditures. 

Cash paid for fire losses, .... 

Deduct reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employ 
for State and local taxes, 
for incidentals, 



Gross cash expenditures, $2,734,741 07 



$391,502 59 
2,835.26 

$388,667 33 
3,923,493 87 

$4,312,161 20 
543,336 02 

$3,768,825 18 
846,747 15 



sources, 



$2,922,078 03 

30,562 32 

158,898 79 

4,408 71 

$3,115,947 85 



$1,726,500 58 
236,320 21 



ees. 



$1,490,180 37 
150,000 00 
561,822 08 
121,964 57 
97,215 85 
313,558 20 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$342,383,034 00 $3,439,430 24 
. 313,578,672 00 3,923,493 87 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$655,961,706 00 $7,362,924 11 
.208,811,547 00 2,874,350 84 



$447,150,159 00 $4,488,573 27 
. 44,999,994 00 423,803 27 



$402,150,165 00 $4,064,770 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (Jh per cent.), 
Company's stock owned by directors, .... 



$48,394,762 00 

28,949,377 00 

1,615,683 00 

4,154,542 00 

150,000 00 

102,100 00 



AGGREGATE. 



Capital Stock. 
Whole amount of capital actually paid up in cash, 

Assets. 

Liabilities. 
Gross present liabilities, 

Income. 
Cash actually received for fire premiums, . 
actually received for marine premiums, 
for interest and dividends from all sources, 
from all other sources, 


• 


$3,900,000 

$11,271,010 

$4,126,533 

$4,074,427 

983,778 

362,392 

88,793 


Gross cash income, 


$5,509,390 


Expenditures. 
Cash actually paid during the year for fire losses, 

actually paid during the year for marine losses, 

dividends to stockholders, 

for brokerage and commissions on premiums, 
for salaries and pay of officers and employees, 
for State and local taxes, .... 
for office, agency and incidental expenses, 




$2,231,926 
450,315 
319,128 
955,095 
316,701 
152,170 
453,376 


Gross cash expenditures, 


$4,878,711 


Miscellaneous. 
Whole amount of fire risks written during the year, 
premiums charged or receivable thereon, 
marine risks written during the year, 
premiums charged or receivable thereon, 
fire risks terminated during the year, 
marine risks terminated during the year, 
fire risks outstanding at end of year, 
marine risks outstanding at end of year, . 
cash dividends declared during the year, 
fire losses incurred during the year, 
marine losses incurred during the year, . 




$496,093,445 

5,882,940 

162,851,627 

1,111,254 

363,120,483 

162,797,158 

565,140,799 

6,329,403 

319,128 

2,483,632 

563,036 



FIRE, MARINE AND FIRE-MARINE 

INSURANCE COMPANIES 

OF OTHER STATES. 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1901. 



112 



JETKA INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



"^ETNA INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June, 1819. Commenced business August, 1819.] 

Paid-up Capital, $4,000,000. 

WM. B. CLARK, President. \VM. H. KING, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

United States bonds, $100,000 00 $139,500 00 

Arizona Territory bonds, 15,000 00 17,100 00 

New Mexico Territory bonds, .... 10,000 00 11,500 00 

Alabama State bonds, 10,000 00 10,900 00 

Georgia State bonds, 25,000 00 27,125 00 

Mississippi State bonds, 11,000 00 12,320 00 

New Hampshire State bonds 29,500 00 31,122 50 

Tennessee State bonds, 23,000 00 22,195 00 

Mecklenburg County, N. C, bonds, . . 67,000 00 80,400 00 

Spokane Co., Wash., court house and jail b'ds, 25,000 00 26,250 00 

Talbot County, Ga., court house bonds, . . 11,000 00 11,880 00 

Norwich, Conn., town bonds, .... 100,000 00 114,500 00 

Westmount, Quebec, town debenture bonds, . 50,000 00 50,500 00 

Americus, Ga., city pub. b'l'g, sch. and se'r b's, 16,000 00 19,520 00 

Albina, Oregon City, boulevard bonds, . . 25,000 00 32,500 00 

Bainbridge, Ga., city academy bonds, . . 8,000 00 9,200 00 

Boston, Mass., city bonds, .... 30,000 00 31,650 00 

Buffalo, N. Y., city water bonds, . . . 50,000 00 54,500 00 

Chicago, 111., sanitary district bonds, . . 50,000 00 56,250 00 

City of Sioux Falls, S. D., funding bonds, . 25,000 00 25,500 00 

Dallas, Tex., city water and sewer bonds, . 50,000 00 56,000 00 

Dalles City, Ore., water bonds, . . . 12,500 00 13,125 00 

Dayton, O., city street paving bonds, . . 25,000 00 26,250 00 

Fostoria, O., city water bonds, .... 25,000 00 26,500 00 

Greensboro, N. C, city school bonds, . . 24,000 00 26,880 00 

Greenville, Ala., city school bonds, . . . 20,000 00 21,800 00 

Hamilton, O., city gas works bonds, . . 10,000 00 10,200 00 

Jersey City, N. J., city hall bonds, . . . 25,000 00 30,000 00 

Lexington, Ky., city bonds, .... 50,000 00 52,500 00 

Montreal, Can., corporation stock, . . . 6,000 00 6,720 00 

Montreal, Can., harbor bonds, .... 4,000 00 4,360 00 

New Brunswick, N. J., water bonds, . . 2,000 00 2,140 00 



^ETNA INSURANCE CO. 



113 



Ogden City, Utah, bonds, . 

Port of Portland, Ore., bonds, 

Rahway, N. J., city bonds, 

Richmond, Va., city bonds, 

Roanoke, Va., city bonds, . 

Seattle, Wash., city, water and sewer bonds, 

Tacoma, Wash., city, water and light bonds, 

Topeka, Kan., city funding bonds, 

Urbana, O., city bonds, 

Watsonville, Cal., school bonds, 

Winston, N. C, city bonds, 

Winnipeg, Man., city bonds, . 

New York Dock Cp. bonds, 

Loan & Guarantee Co. of Conn, bonds, 

People's Gas Lt. & Coke Co., Chic, bonds, 

School Dis. No. 2, Enfield, Conn., bonds, 

Masonic Temple Corp., Wilm., N. C, bonds, 

Y. M. C. A., Wilmington, N. C, bonds, 

Atlantic Mutual Ins. Co. scrip, . 

Albany & Susquehanna R.R. bonds, 

Alabama Central R.R bonds, . 

Atlantic & Danville R'y bonds, 

Baltimore & Ohio R R. bonds, . 

Buffalo, N. Y. & Erie R.R. bonds, 

Canadian Pacific R'y bonds, 

Central Branch R'y bonds, 

Central Pacific R'y bonds, 

Central R.R. of N. J. bonds, 

Chesapeake & Ohio R.R. bonds, 

Cleve., Col., Cin. & Indianap. R.R. bonds 

Chicago, Burl. & Quincy R.R. bonds, 

Chicago, Mil. & St. Paul R.R. bonds, 

Chic. & Northwestern R.R. bonds, . 

Chicago North Shore Street R'y bonds, 

Chicago, Rock Island & Pacific R.R. bonds, 

Chicago & Western Indiana R.R. bonds, . 

Cicero & Proviso Street R'3% Chicago, bonds, 

Cincinnati, Dayton & Ironton R.R. bonds, 

Cin., Hamilton & Dayton R.R. bonds, 

Columbus & Toledo R.R. bonds, 

Connecticut River R.R. scrip, . 

Dayton & Western R.R. bonds, 

Delaware & Hudson Canal bonds, . 

Flint & Pere Marquette R.R. bonds, 

Galveston, Harrisb'g & San Antonio R'y bonds 

Georgia R.R & Banking Co. bonds, 

Hartford Street R'y bonds, 

Harlem River & Port Chester R.R. bonds, 



Par Value. 

!$ 18,000 00 

50,000 00 

22,000 00 

44,750 00 

30,000 00 

50,000 00 

25,000 00 

25,000 00 

25,000 00 

7,000 00 

25,000 00 

34,793 00 

55,000 00 

3,200 00 

50,000 00 

4,000 00 

30,000 00 

20,000 00 

30,830 00 

100,000 00 

25,000 00 

50,000 00 

75,000 00 

20,000 00 

78,000 00 

37,000 00 

26,000 00 

50,000 00 

50,000 00 

60,000 00 

180,000 00 

135,000 00 

188,000 00 

25,000 00 

160,000 00 

124,000 00 

25,000 00 

25,000 00 

82,000 00 

80,000 00 

15,000 00 

33,000 00 

25,000 00 

50,000 00 

50,000 00 

25,000 00 

50,000 00 

150,000 00 



Market Value. 

$19,440 00 

59,500 00 

19,800 00 

51,485 00 

31,800 00 

54,250 00 

26,125 00 

27,750 00 

25,000 00 

7,140 00 

27,375 00 

36,184 72 

51,700 00 

3,200 00 

54,500 00 

4,000 00 

31,500 00 

20,000 00 

32,679 80 

113,000 00 

29,875 00 

48,000 00 

77,250 00 

27,600 00 

85,800 00 

33,300 00 

26,490 00 

67,000 00 

52,500 00 

81,600 00 

192,380 00 

166,200 00 

230,080 00 

28,000 00 

185,000 00 

148,320 00 

26,750 00 

28,750 00 

91,840 00 

91,200 00 

15,300 00 

36,300 00 

37,500 00 

57,750 00 

54,500 00 

29,000 00 

53,500 00 

160,000 00 



114 



iETNA INSURANCE CO. 



Hocking Valley R'y bonds, 

Illinois Central R.R. bonds, 

Indianapolis & Vincennes R.R. bonds, 

Iowa Central R'y bonds, .... 

Jefferson ville, Madison & Ind. R.R. bonds, 

Keokuk & Des Moines R.R. bonds, . 

Lake Shore & Michigan Southern R.R. bonds 

Louisville, New Albany & Chic. R.R. bonds, 

Lehigh Valley Terminal R.R. bonds, 

Lehigh Valley R'y bonds, 

Mahoning Coal R.R. bonds, 

Michigan Central R.R. bonds, . 

Minneapolis & St. Louis R'y bonds, 

Minneapolis Union R.R. bonds, 

Morris & Essex R.R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

N. Y., Lake Erie & Western R.R. bonds, 

New England R.R. bonds, 

N. Y. & New England R.R. bonds, . 

N. Y., New Haven & Hart. R.R. certificates, 

N. Y., Susquehanna & Western R.R. bonds, 

Northwestern Union R.R. bonds, 

Norfolk & Western R.R. bonds, 

North Chicago Electric R'y bonds, . 

North Chicago Street R R. bonds, . 

Northern Pacific Great Northern Joint bonds 

Oswego R.R. Bridge Co. bonds, 

Ohio & West Virginia R.R. bonds, . 

Pittsburgh, Fort Wayne & Chicago R.R. bonds 

Port Reading R.R. bonds, 

St. Paul, Minn. & Manitoba R.R. bonds, 

St. Paul & Northern Pacific R.R. bonds, 

St. Paul & Sioux City R.R. bonds, . 

Southern Pacific R.R. of California bonds, 

Southern R'y bonds, . 

Terre Haute & Peoria R.R. bonds, 

Toledo & Ohio Central R.R. bonds, 

Vermont Valley R.R. bonds, . 

Wabash R.R. bonds, . 

West Chicago Street R.R. Tunnel bonds, 

West Shore R.R. bonds, . 

Willmar & Sioux Falls R.R. bonds, 
400 shares American Telegraph & Cable Co. 
300 " Gold and Stock Telegraph Co., 
300 " International Ocean Tel. Co., 

1,000 " Northwest Telegraph Co., . 
50 " Connecticut River Co., 
10 " Underwriters' Sal. Co. of N. Y., 



Par Value. 

$25,000 00 

100,000 00 
50,000 00 
50,000 00 
10,000 00 
40,000 00 

189,000 00 
25,000 00 

100,000 00 
80,000 00 
30,000 00 
50,000 00 

118,000 00 
50,000 00 

135,000 00 

175,000 00 
45,000 00 
50,000 00 
50,000 00 
75,000 00 
25,000 00 
25,000 00 
50,000 00 
25,000 00 
25,000 00 

110,000 00 
50,000 00 
30,000 00 

196,000 00 
50,000 00 
25,000 00 
50,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
54,000 00 
25,000 00 
50,000 00 
50,000 00 
25,000 00 
40,000 00 
30,000 00 
30,000 00 
50,000 00 
5,000 00 
1,000 00 



Market Value. 

|27,250 00 

106,000 00 
59,000 00 
47,500 00 
11,200 00 
44,000 00 

207,900 00 
29,000 00 

119,000 00 
88,000 00 
38,700 00 
51,500 00 

157,570 00 
65,000 00 

187,400 00 

187,250 00 
63,000 00 
66,500 00 
57,000 00 

153,750 00 
29,000 00 
36,500 00 
67,000 00 
28,250 00 
26,500 00 

107,800 00 
58,000 00 
35,700 00 

264,560 00 
55,000 00 
35,500 00 
66,000 00 
32,500 00 
27,250 00 
30,250 00 
12,500 00 
28,750 00 
61,020 00 
29,500 00 
52,500 00 
57,000 00 
31,250 00 
38,400 00 
36,900 00 
36,000 00 
62,500 00 
5,000 00 
500 00 



^ETNA INSURANCE CO. 115 

Par Value. Market Value. 

575 shares N. Y. Dock Co., .... $57,500 00 $25,075 00 

500 " Albany & Susquehanna R.R. Co., 50,000 00 115,000 00 

500 " Bald Eagle Valley R.R. Co., . 25,000 00 51,250 00 

233 " Baltimore & Ohio R.R. Co., . . 23,300 00 22,135 00 

750 " CI., Cm., Chic. & St. L. R.R. Co., . 75,000 00 90,750 00 

1,000 " Cleveland & Pittsburgh R.R. Co., 50,000 00 97,500 00 

935 " Chic, Mil. & St. Paul R'y Co., . 93,500 00 175,440 00 

350 " Chic. & Northwestern R.R. Co., . 35,000 00 82,250 00 

420 " Chic, Rock Is. & Pacific R.R. Co., 42,000 00 63,000 00 

300 " Connecticut River R.R. Co., . 30,000 00 85,500 00 

500 " Conn. & Passumpsic R's R.R. Co., 50,000 00 52,500 00 

300 " Dayton & Michigan R.R. Co., . 15,000 00 31,800 00 

200 " Del. & Bound Brook R.R. Co., . 20,000 00 42,000 00 

500 " Fort Wayne & Jackson R.R. Co., 50,000 00 75,000 00 

100 " Georgia R.R. and Banking Co., . 10,000 00 23,800 00 

181 " Illinois Southern R'y Co., . . 18,100 00 

100 " Joliet & Chicago R.R. Co., . . 10,000 00 19,600 00 

400 " Kala., Alleg. & Gr. Rap. R.R. Co., 40,000 00 60,000 00 

200 " Keokuk & Des Moines R.R. Co., . 20,000 00 8,400 00 

1,000 " Morris & Essex R R. Co., . . 50,000 00 98,000 00 

920 " N. Y. Cent. & Hud. Riv. R.R. Co., 92,000 00 152,720 00 

500 " N. Y. & Harlem R.R. Co., . . 25,000 00 103,750 00 

1,875 '• N. Y., N. H. & Hart. R.R. Co., . 187,500 00 397,500 00 

500 " Oswego & Syracuse R.R. Co., . 25,000 00 57,500 00- 

1,000 " Pitts., Ft. Wayne & Chic. R.R. Co., 100,000 00 195,000 00 

150 " Peoria & Bureau Valley R.R. Co., 15,000 00 32,250 00 

1,000 " Rensselaer & Saratoga R.R. Co., . 100,000 00 214,000 00 

637 " St. Jos. S. Bend & So'n R.R. Co , 63,700 00 9,350 00 

400 " Valley (N. Y.) R.R. Co., . . 40,000 00 52,000 00 

200 " .Etna National B'k, Hart., Conn., 20,000 00 37,000 00 

200 " American Nat'l B'k, Hart., Conn., 10,000 00 14,500 00 

400 " Charter Oak N'l B'k, Hart., Conn., 40,000 00 40,000 00 

188 " City Bank, Hartford, Conn., . 18,800 00 18,800 00 

150 " Conn. Riv. BVg Co., Hart., Conn., 4,500 00 6,750 00 

350 " Far. & Mech. N'l B'k, Hart., Conn., 35,000 00 42,700 00 

300 " First Nat'l Bank, Hart., Conn., . 30,000 00 39,000 00 

1,000 " Hartford Nat'l B'k, Hart, Conn., . 100,000 00 135,000 00 

550 " Nat'l Exch. Bank, Hart., Conn., . 27,500 00 35,750 00 

1,000 " Phoenix Nat'l B'k, Hart., Conn., . 100,000 00 125,000 00 

550 " State Bank, Hartford, Conn., . 55,000 00 71,500 00 

400 " American Exch. Nat'l B'k, N. Y., 40,000 00 116,000 00 

400 " B'k of the Manhattan Co., N. Y., 20,000 00 65,000 00 

300 " B'k of N. Y. N'l B'k'g Asso., N.Y., 30,000 00 99,000 00 

75 " First National Bank, N. Y., . . 7,500 00 57,750 00 

300 " Hanover Nat'l Bank, N. Y., . . 30,000 00 208,500 00 

300 " Imp. & Traders' Nat'l B'k, N. Y., 30,000 00 183,000 00 

100 " Market & Fulton N'l B'k, N. Y., . 10,000 00 26,000 00 

700 " Merchants' Nat'l Bank, N. Y., . 35,000 00 68,250 00 



116 



iETNA INSURANCE CO. 



120 shares Merchants' Exch. N'l B'k, N. Y., 

1,200 M Mechanics' Nat'l Bank, N. Y., 

400 " Metropolitan National Bank, N.Y 

(in liquidation), 

200 " Nassau Bank, N. Y., . 

500 " National Bank of Com., N. Y., 

200 " National B'k of N.America, N.Y. 

200 " National City Bank, N. Y., . 

300 " Phenix Nat'l Bank, N. Y., . 

200 " People's Bank, N. Y., . 

100 " Third National Bank, N. Y. (in 

liquidation), 

250 " Far. & Mech. N'l B'k, Phila., Pa. 

100 " First Nat'l B'k, Albany, N. Y., 

100 " N. Brit. N'l B'k, N. Brit., Conn., 

100 " Central Trust Co., N. Y., . 

100 " Holland Trust Co., N. Y., . 

100 " Metropolitan Trust Co., N. Y., 

150 M N. Y. Life Ins. & Tr. Co., N. Y., 

100 " United States Trust Co., N. Y., 

100 " Union Trust Co., N. Y., 



Par Value. Market Value. 

$6,000 00 1,480 00 

30,000 00' 87,000 00 



10,000 00 
50,000 00 
20,000 00 
20,000 00 
6,000 00 
5,000 00 



25,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
15,000 00 
10,000 00 
10,000 00 



1,200 00 

20,000 00 

182,500 00 

57,000 00 

120,000 00 

7,080 00 

13,000 00 

3,000 00 

31,250 00 

12,500 00 

15,500 00 

192,500 00 

5,000 00 

52,500 00 

202,500 00 

170,000 00 

140,000 00 



Securities held as collateral for cash loans 

25 shares Nat'l Bank of Commerce, N. Y., 
25 " Mechanics' National Bank, N. Y., 



$8,382,473 00$ 12,181,832 02 



Market Value. Loaned Thereon. 

$9,125 00 
1,812 50 



$3,600 00 



$10,937 50 $3,600 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



$230,000 00 

12,600 00 

196 00 

12,181,832 02 

3,600 00 

2,917 60 

1,024,625 40 

375 00 

629,301 18 



-$14,085,447 20 
315,934 72 



Balance, $13,769,512 48 

* Value of lands mortgaged 816,200 00 

Value of buildings thereon, 15,000 00 

Amount of insurance held as collateral, . . . 15,000 00 



^ETNA INSURANCE CO. 



117 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



),917 65 
596,324 16 

26,009 34 

$703,251 15 
147,697 41 

$555,553 74 

3,563,265 56 

76,714 15 

84,332 56 

146,216 32 

22,347 86 

$4,448,430 19 
236,090 30 



$4,212,339 89 

$9,557,172 59 

4,000,000 00 

$5,557,172 59 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1900, 

Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Deposits received for perpetual fire risks, 

Gross cash income, .... 



$479,768 49 
5,834,671 06 

^6,314,439 55 
519,611 85 

^5,794,827 70 
1,474,441 46 

$97,783 63 
467,203 51 

$564,987 14 
109,689 33 

$455,297 81 
122,289 87 



sources, . 

$7,076 16 



$4,320,386 24 



333,007 94 

861 00 

493,649 05 

4,664 20 



$5,152,568 43 



118 



.ETNA INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . — 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Deposits returned on perpetual fire risks, 

Gross cash expenditures, . 

Risks and Premiums. 



$3,099,482 68 
527,528 97 

$173,747 27 
56,868 55 



$2,571,953 71 



116,878 72 
700,000 00 
786,409 60 
306,525 44 
139,222 83 
333,530 33 



$1,227 50 



. $4,954,520 63 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Perpetual risks in force (notincPd above), 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 

Total, . . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



Premiums. 

$623,474,191 00 $7,104,261 89 
492,095.524 00 5,834,671 06 



$1,115,569,715 00$12,938,932 95 
471,647,274 00 5,392,128 33 



$643,922,441 00 $7,546,804 62 
77,309,341 00 954,430 37 



$566,613,100 00 $6,592,374 25 

$3,365,728 00 $80,751 73 

$7,611,705 00 $235,397 55 

131,057,701 00 467,2u3 51 



$138,669,406 00 $702,601 06 
128,104,440 00 429,632 10 



$10,564,966 00 $272,968 96 
1,809,663 00 45,096 35 



$8,755,303 00 8227,872 61 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (17.5 per cent), . 
Company's stock owned by directors, .... 



$167,538,000 00 

90,931,965 00 

2,665,341 00 

146,936 00 

26,493,365 00 

700,000 00 

220,900 00 



AGRICULTURAL INSURANCE CO. 



119 



"AGRICULTURAL INSURANCE COMPANY," WATERTOWN, N. Y. 

[Incorporated 1853.* Commenced business February, 1853.] 

Paid-up Capital, $500,000. 

A. H. SAWYER, President. W. H STEVENS, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

State of Georgia bonds $ 10,000 00 $11,800 00 

City of Portland, Ore., bonds, . . . , 50,000 00 62,500 00 

City of Richmond, Va., bonds, .... 27,000 00 28,620 00 

City of Watertown, N. Y., acceptances, . . 500 00 500 00 

Chicago, Mil. & Sf. Paul R'y bonds, . . 20,000 00 23,800 00 

Northern Pacific R'y bonds, . . . . 10,000 00 10,000 00 

Lehigh Valley R'y, N. Y„ bonds, . . . 20,000 00 22,000 00 

Lehigh & Hudson River R.R. bonds, . . 5,000 00 5,100 00 

Union Pacific R.R. bonds, 2,000 00 2,140 00 

Jefferson Power Co. bonds, .... 40,000 00 42,000 00 

Consol. Water Co. of Utica, N. Y., bonds, . 10,000 00 10,000 00 

St. Regis Paper Co. bonds 50,000 00 51,000 00 

Gal., Harrisburg & San Antonio R'y bonds, . 20,000 00 22,000 00 

N. Y. Cent. & Hudson River R.R. bonds, . 10,000 00 9,762 50 

Connecticut R> & Lighting Co. bonds, . . 20,000 00 20,050 00 

Watertown National Bank stock, . . . 10,500 00 21,525 00 

Nat'l Union Bank, Watertown, N. Y., stock, . 24,360 00 42,630 00 

Jefferson Co. Nat'l B'k, Watert'n, N. Y., st'k, . 1,760 00 4,400 00 

N'l B'k & Loan Co., Watertown, N. Y., stock, . 10,000 00 15,000 00 

Carthage N'l B'k, Carthage, N. Y., stock, . 2,000 00 4,000 00 

First N'l B'k of the T. I., Alex B., N. Y., st'k, . 1,000 00 1,000 00 

Union Build. & Loan Co., Cleveland, O., stock, 10,000 00 10,000 00 

Cleveland Savings & Loan Co., Cleve., O., st'k, 5,000 00 5,000 00 

N. Y. Cent. & Hudson River R.R. stock, . . 23,000 00 38,410 00 

Chicago, Mil. & St. Paul R'y stock, . . . 33,000 00 54,450 00 

Union Pacific R.R. stock, 1,000 00 900 00 

Western Union Telegraph stock, . . . 108,500 00 100,498 12 

International Paper Co. stock, .... 50,000 00 38,000 00 

Hungerford-Holbrook Co. stock, . . . 25,200 00 25,200 00 

Excelsior Carriage Co. stock, .... 2,500 00 2,500 00 

Watertown Carriage Co. stock, . . . 7,000 00 3,500 00 

Morris & Essex R.R. stock, .... 10,000 00 19,700 00 

Illinois Central R.R. stock, .... 12,000 00 16,680 00 



$631,320 00 $724,665 62 



* Organized as mutual, 1853; incorporated as stock, 1863. 



120 



AGRICULTURAL INSURANCE CO. 



Securities held as collateral for cash loans : — 

Real estate mortgages, 

Western Union Telegraph stock, 

N. Y. Cent. & Hudson River R.R. stock, 

International Paper Co. bonds, 

International Paper Co. stock, . 

Real estate mortgages, 

Titus Sheard Co. stock, 

N'l Herkimer Co. B% Little Falls, N. Y., st'k 

Little Falls & Dolgeville R.R. bonds, 

Union Carriage & Gear Co. stock, 

Brownville Paper Co. stock, 

Brock way Co. stock, . 

Deeds of real estate, White Plains, X. Y. 

Paid-up life insurance policy, . 

Deeds of real estate, . 

Union N'l B'k, Schenectady, X. Y., stock 

Bagley & Sewell Co. stock, 

Harmon Machine Co. stock, 

Watertown Xational Bank stock, 

International Paper Co. stock, . 

Outterson Paper Co. stock, 

E. W. Bliss Co stock, 

Rome, Watertown & Ogdens. R.R. stock, 

Carthage Sulphite Pulp Co. stock, 

Carthage Tissue Paper Mills stock, 

Carthage Machine Co. stock, . 

Malone Paper Co. stock, . 

Deed of real estate, Clifton Park, X. Y., 

J. H. Murphy Mfg. Co. stock, . 

Life ins. policy, X. Y. Life Ins. Co., 

Brownville Paper Co. stock, 

Knowlton Bros, stock, 

Adams & Duford Co. stock, 



Market Value. 

$36,818 00 

13,019 12\ 

5,511 00 S 

11,200 00 ) 

4,354 00 

22,978 00 ^ 

32,000 00 I 

8,800 00 i 

5,000 00 J 

250 00 

7,500 00 

10,000 00 

1,500 00 

2,000 00 

6,000 00 

7,500 00 

23,700 00 

6,750 00 

2,050 00 

1,520 00 

30,000 00 

37,830 00 

4,140 00 

24,500 00 >| 

9,500 00 ' 

2 500 00 f 

12,0C0 00 J 

6,CO0 00 

6,000 00 

2,000 00 

12,000 00 

30,000 00 

3,000 00 



Loaned Thereon. 

-,157 58 

21,310 60 

3,650 00 

40,500 00 

210 00 
1,550 00 
8,000 00 
1,000 00 

496 00 

3,000 00 

5,000 00 

10,000 00 

6,750 00 

1,000 00 
20,000 00 
12,000 00 

3,000 00 

35,000 00 

6,000 00 

120 00 

10,000 00 

20,000 00 

2,500 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 



$387,920 12 £239,214 18 

31, 1901. 

8337,400 00 

748,781 61 

27,975 86 

724,665 62 

239,244 18 

4,185 11 

133,230 69 

11,854 65 



Value of lands mortgaged, $964,7S1 00 

Value of buildings thereon r>!^,709 00 

Amount of insurance held as collateral, .... 544,050 00 



AGRICULTURAL INSURANCE CO. 



121 



Premiums in course of collection (gross), 
Reinsurance due on losses paid, 

Gross assets, 

Deduct special deposits in other States, . 



1209,810 36 
2,930 66 



$2,440,078 74 
102,920 00 



Balance, $2,337,158 74 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



$29,101 96 
69,001 00 
11,970 00 

$110,072 96 
23,880 18 

$86,192 78 

1,025,946 14 

50,762 28 

12,637 11 

7,586 29 

$1,183,124 60 
49,208 00 



1,133,916 60 

$1,203,242 14 
500,000 00 

$703,242 14 



Gross cash income, .... 

Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 



$200,129 44 
1,744 62 

$198,384 82 
1,653,971 61 

51,852,356 43 
209,810 36 

11,642,546 07 
569,080 86 



sources, . 



$1,073,465 21 

44,424 89 

33,324 35 

3,093 44 

$1,154,307 89 



$743,435 93 
221,754 36 



$521,681 57 
50,000 00 



122 



ALBANY INSURANCE CO. 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



§245,189,300 
. 164,453,500 



£222,488 67 
92,197 44 
38,100 16 
84,825 92 

11,009,293 76 



Premiums. 

00 $2,268,563 00 
00 1,653,972 00 



$409,642,800 
. 159,014,600 



00 $3,922,535 00 
00 1,541,792 00 



$250,628,200 
. 35,926,500 



00 $2,380,743 00 
00 394,188 00 



$214,701,700 00 $1,986,555 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, 



$25,732,453 00 

12,731,851 00 

542,313 00 

1,380,000 00 

50,000 00 

90,500 00 



"ALBANY INSURANCE COMPANY,' 1 ALBANY, N. Y. 

[Incorporated March 8, 1811. Commenced business March 16, 1811. Reorganized June 1, 1881.] 

Paid-up Capital, $250,(KK). 
THEODORE TOWNSEND, President. CHARLES H. HAHN, Secretary. 



Detailed Statement of 

Watervliet Turnpike R R. bonds, 

Wabash R.R. bonds, 

Municipal Gas Light Co., Albany, N. Y., bonds 

Union R.R., N. Y., bonds, 

St. Louis & San Francisco R.R. bonds, . 

Ann Harbor R.R. bonds, .... 

People's Gas Light Co., Chicago, bonds, . 

Western N. Y. & Pennsylvania R.R. bonds, 

Atlanta, Knoxville & Northern R.R. bonds, 

Texas Central R.R. Co. bonds, 

United Traction Co., Albany, N. Y., bonds, 

Detroit & Mackinac R.R. bonds, 

Colorado Fuel & Iron Co. bonds, 



Bonds. 

Par Value. 

$7,000 00 

35,000 00 

7,000 00 

10,000 00 

24,000 00 

10,000 00 

10,000 00 

25,000 00 

15,000 00 

20,000 00 

10,000 00 

5,000 00 

5,000 00 



Market Value. 

$8,750 00 
40,725 00 

7,490 00 
11,600 00 
23,640 00 

9,700 00 
12,000 00 
30,250 00 
16,350 00 
21,600 00 
10,200 00 

4,500 00 

5,275 00 



$183,000 00 $202,080 00 



ALBANY INSURANCE CO. 



123 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



31, 1901. 

#76,890 00 

212,950 00 

946 08 

202,080 00 

3,198 57 

6,258 81 

15,421 25 

541 28 



$518,285 99 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$5,636 69 

15,700 88 

1,505 00 

$22,842 57 
8,786 01 

$14,056 56 

87,708 65 

4,141 46 



105,906 67 

$412,379 32 
250,000 00 

$162,379 32 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from agency, .... 



Gross cash income, 



$6,908 57 
147,570 41 

$154,478 98 
15,421 25 

$139,057 73 
28,520 24 



sources, . 



$110,537 49 

11,345 32 

8,088 33 

5,537 26 

4,785 03 

$140,293 43 



* Value of lands mortgaged, ' . $150,050 00 

Value of buildings thereon, 320,500 00 

Amount of insurance held as collateral, .... 260,70000 



124 



AMERICAN INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expense on real estate, 

for incidentals, .... 



$58,636 91 
3,361 28 



Gross cash expenditures, $122,989 82 



$55,275 63 
20,000 00 
23,582 94 
8,953 00 
7,203 51 
2,857 04 
5,117 70 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$17,282,418 00 
15,881,380 00 

$33,163,798 00 
12,608,848 00 

820,554,950 00 
1,812,574 00 



Premiums. 

8149,284 90 
147,570 41 

$296,855 31 
110,933 47 

$185,921 84 
16,574 66 



.$18,742,376 00 $169,347 18 



Miscellaneous. 

Premiums received from re-organization of company, . . $1,941,643 00 

Losses paid from re-organization of company, . . . 1,068,227 00 

Fire losses incurred during the year, 57,569 00 

Cash dividends declared from re-organization of company, . 425,000 00 

Dividends declared during the year (8 per cent.), . . . 20,000 00 

Company's stock owned by directors, 39,500 00 



"AMERICAN INSURANCE COMPANY, 11 NEWARK, N. J. 

[Incorporated Feb. 20, 1846. Commenced business April 1, 1S46.] 

Paid-up Capital, $600,000. 

E. O. DOREMUS, President. J. H. WORDEN, Secretary. 

Detailed Statement of Bonds. 

Par Value. Market Value. 

United States bonds, $100,000 00 $100,000 00 

Consolidated Traction Co. (N. J.) bonds, . 122,000 00 130,540 00 

Easton & Amboy R.R. (N. J.) bonds, . . 64,000 00 72,320 00 

Lehigh Valley R.R. bonds, .... 150,000 00 163,500 00 

Long Dock (Jersey City) bonds, . . . 125,000 00 162,500 00 

Morris & Essex R.R. bonds 100,000 00 128,000 00 

Newark (N. J.) R'y bonds, .... 125,000 00 145,000 00 

N. Y. & Greenwood Lake (N. J.) bonds, . 100,000 00 104,000 00 

N. Y., L. Erie & West. Dock and Imp. bonds, . 68,000 00 79,560 00 



AMERICAN INSURANCE CO. 



125 



N. Y., Susq. & Western R.R. bonds, 
North Hudson Co. (N. J.) bonds, . 
United N. J. R.R. & Canal Co. bonds, 
Madison, N. J., bonds, 
Newark Gas Co. bonds, . 



Par Value. 

$32,000 00 
125,000 00 
100,000 00 
27,000 00 
110,000 00 



Market Value. 

$35,200 00 
133,750 00 
107,000 00 
27,000 00 
138,600 00 



$1,348,000 00 $1,526,970 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Bonds, as per schedule, . 

Cash in the office of the company, 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross), 

Notes taken for fire and tornado risks, . 

Rents due and accrued, .... 

American Insurance Co. stock, $70,000 00 

Prem's more than three mos. due, 9,407 19 

Gross assets, 

Deduct special deposits in other States, . 



$246,000 00 

1,760,728 91 

26,969 13 

1,526,970 00 

3,849 36 

79,521 15 

18,879 56 

168,333 49 

109,183 18 

702 80 



$3,941,137 58 
50,000 00 



Balance, $3,891,137 58 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Dividends to policy holders unpaid, 
Commissions and brokerage, . 
Due for agents' fees, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, 



$1,012 33 

113,768 42 

6,805 27 

$121,586 02 
14,966 75 

$106,619 27 

1,515,999 50 

2,068 10 

697 00 

12,543 07 

2,912 96 

$1,640,839 90 
1,674 92 



1,639,164 98 

. $2,251,972 60 

600,000 00 

. $1,651,972 60 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$1,950,535 00 
2,378,615 00 
2,015,515 00 



126 



AMERICAN INSURANCE CO. 



Income. 

Fireandtornadoprem'soutstand'gDec.Sl^OO, $260,206 00 
Same not collected, 257 54 



Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire and tornado premiums received 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



Expenditures. 
Cash paid for fire and tornado losses, 
Deduct salvage and reinsurance, 
Net cash paid for fire and tornado losses, 
Cash dividends paid, .... 
Cash paid for commissions and brokerage, 
for salaries of officers and employ 
for State and local taxes, 
for incidentals, 



Gross cash expenditures, f 1,196,199 69 



$259,948 46 
1,761,638 77 

$2,021,587 23 
286,923 86 

$1,734,663 37 
462,908 48 



sources, 



$1,271,754 89 
85,881 34 
64,587 27 
13,896 33 

$1,436,119 83 



$718,237 31 
115,582 55 



rees, 



$602,654 76 
61,872 25 

293,677 34 
84,168 58 
42,624 74 

111,202 02 



Risks and Premiums. 

Premiums. 

Fire and tornado risks outstand'g Dec. 31, 1900, $283,406,725 00 $2,917,007 31 
Fire and tornado risks written during 1901, . 173,488,425 00 1,761,638 77 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



. $456,895,150 00 $4,678,646 08 
. 150,463,174 00 1,494,805 54 



.$306,431,976 00 $3,183,840 54 
. 25,138,816 00 297,662 32 



$281,293,160 00 $2,886,178 22 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire and tornado losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent ), 
Company's stock owned by directors, .... 



$14,214,627 00 
6,118,332 00 
637,063 00 
2,408,715 00 
60,000 00 
60,490 00 



AMERICAN CENTRAL INSURANCE CO. 



127 



" AMERICAN CENTRAL INSURANCE COMPANY," ST. LOUIS, MO. 

[Incorporated February, 1853. Commenced business February, 1853.] 

Paid-up Capital, $1,000,000. 

GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary. 



Detailed Statement of Stocks, Bonds, etc 

Par Value. 

United States bonds, ...... $500,000 00 

St. Louis Transit Co. bonds 200,000 00 

St. Louis Merchants' Bridge Co. bonds, . . 85,000 00 

Union Depot R.R. Co. bonds, .... 75,000 00 

K. C, Ft. Scott & Memphis R.R. Co. bonds, . 100,000 00 

United States consols, . . . . . 50,000 00 

Southern R.R. Co. bonds, 50,000 00 

St. Louis & San Francisco R.R. Co. bonds, . 30,000 00 

St. Clair, Madison & St. L. B. R.R. Co. bonds, 37,500 00 

St. Louis, I. M. & Southern R.R. Co. bonds, . 25,000 00 

United Railways Co., St. Louis, bonds, . . 30,000 00 

Laclede Gas Light Co. bonds, . . . . 23,000 00 

Mo. Electric Light & Power Co. bonds, . . 20,000 00 

St. Louis, C. B. & O. R.R. Co. bonds, . . 18,000 00 

St. Louis County Park bonds, .... 15,000 00 

Peirce City, Mo., funding bonds, . . . 15,000 00 

Norborne, Mo., school bonds, .... 4,500 00 

National Bank of Commerce, St. Louis, stock, 300,000 00 

United Railways Co. stock, .... 30,000 00 

Boatmen's Bank, St. Louis, stock, . . . 10,000 00 

Mechanics' National Bank, St. Louis, stock, . 16,600 00 

Laclede Gas Light Co., St. Louis, stock, . . 5,700 00 



Market Value. 

$545,000 .00 
195,000 00 
95,200 00 
90,000 00 
86,625 00 
56,500 00 
48,000 00 
32,400 00 
30,000 00 
27,000 00 
27,000 00 
24,800 00 
23,600 00 
19,250 00 
16,950 00 
15,000 00 

4,500 00 

945,000 00 

26,550 00 

22,200 00 

45,300 00 

5,700 00 



$1,640,300 00 $2,381,575 00 



Securities held as collateral for cash loans 

200 shares Third National Bank, St. Louis, 
200 ' 
700 ' 

6 
115 

20 

25 

15 

15 
7 

25 

10 

13 



Missouri Trust Co., St. Louis, 
Broadway R. E. Co., St. Louis, 
Third National Bank, St. Louis, 
Mercantile Trust Co., St. Louis, 
St. Louis & Suburban R'y Co., 
Nat'l Bank of Com. in St. Louis, 
Fourth Nat'l Bank, St. Louis, . 
Lincoln Trust Co., St. Louis, . 
State National Bank, St. Louis, 
Com'nw'th Trust Co., St. Louis, 
Boatmen's Bank, St. Louis, 
United R'ys Co. of St. Louis, . 
1 share Mo. Edison Elec. Co., St. Lo., bond, 



Market Value. 

$48,000 00 

34,000 00 

70,000 00 

1,440 00 

47,955 00 ^ 

1,800 00 

8,250 00 

4,500 00 

4,350 00 

1,470 00 

8,500 00 

2,250 00 

1,157 00 

950 00 J 



Loaned Thereon. 

$55,000 00 

60,000 00 
1,000 00 



} 70,000 00 



128 



AMERICAN CENTRAL INSURANCE CO. 



55 shares Third National Bank, St. Louis, 
100 " State National Bank, St. Louis, 
25 " Nat'l Bank of Com. in St. Louis, 
10 " Continental Nat'l Bank, St. Louis, 
103 " United R'ys Co., St. Louis, 

3 " Mechanics 1 Natl Bank, St. Louis, 
1 share Lincoln Trust Co., St. Louis, 
25 shares St. Louis Transit Co., . 
3 
125 
60 
20 
50 
50 
180 
6,429 
100 



Colonial Trust Co., St. Louis, 
Natl Bank of Com. in St. Louis, 
State National Bank, St. Louis, 
Third National Bank, St. Louis, 
Lincoln Trust Co , St. Louis, 
St. Louis & Suburban R'y Co., 
St. Louis Transit Co., . 
United R'ys Co., St. Louis, . 
Title Guar. Trust Co., St. Louis, 



Commonwealth Realty Co., St. Louis, 



Excess of loan, . 



Market Value. Loaned Thereon. 

§3,200 00 ^ 
21,000 00 
8,250 00 
2,620 00 
9,164 00 y 
810 00 
295 00 
850 00 
705 00 
41,750 00^ 
12,900 00 
4,800 00 
14,500 00 
4,750 00 | 
3,900 00 J 
205,728 00 \ • 
15,000 00 S 165,000 00 
75,000 00 ) 



} 75,000 00 



$659,844 00 



-478,000 00 
5,106 00 

§472,894 00 



Summary of Assets Dec. 31, 1901. 



Loans on mortgage of real estate (first liens *), 

Stocks, bonds, etc , as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



$58,666 66 
2,381,575 00 
472,894 00 
15,370 78 
123,124 54 
156,952 17 



$3,208,583 15 
66,500 00 



Balance, $3,142,083 15 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



$37,838 32 
79,536 50 
12,134 49 

§129,509 31 
12,107 08 

§117,402 23 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$S3,000 00 
17,000 00 
13,100 00 



AMERICAN CENTRAL INSURANCE CO. 



129 



Unearned premiums on outstanding risks, 
Commissions, ...... 

Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



Income. 



Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, . . . . . . 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Income from rents, 

Received for increased capital, 

Gross cash income, .... 



. $821,143 23 

23,542 82 

7 27 


f950,42i 




. $962,095 55 
11,673 79 


76 






• • ■ > 


$2,191,661 
1,000,000 


39 

00 


. $135,137 84 
. 1,478,628 50 


$1,191,661 

$1,176,528 
65,674 
16,573 


39 


. $1,613,766 34 
156,952 17 




. $1,456,814 17 
280,286 14 


03 


ces, . 

. $400,000 00 


90 

8a 



. $1,258,776 73 



Expenditures. 

Cash paid for lire losses, $698,928 59 

Deduct salvage and reinsurance, . . . 85,629 65 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$613,298 94 

75.000 00 
227,020 42 

76,492 59 

28.001 13 
121,567 58 

$1,141,380 66 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$138,395,996 00 $1,515,873 03 
. 133,569,983 00 1,478,628 50 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$271,965,979 00 $2,994,501 53 
122,414,424 00 1,326,491 16 



$149,551,555 CO $1,668,010 37 
8,078,580 00 97,221 99 



$141,472,975 00 $1,570,788 38 



130 



AMERICAN FIRE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (7.5 per cent.), 
Company's stock owned by directors, 



$23,284,946 00 
. 11,546,147 00 

665,527 00 

. 1,541,412 00 

75,000 00 

171,600 00 



"AMERICAN FIRE INSURANCE COMPANY,' 1 PHILADELPHIA, PA. 

[Incorporated Feb. 28, 1810. Commenced business March 12, 1810.] 

Paid-up Capital, $500,000. 

THOMAS H. MONTGOMERY, President. RICHARD MARIS, Secretary. 



Detailed Statement of Stocks, Bonds, etc 

Par Value. Market Value. 

Ashtabula & Pittsburgh R.R. bonds, . . $15,000 00 § 16,837 50 

Seaboard & Roanoke R.R. bonds, . . . 20,000 00 22,500 00 

Belt Road & Stock Yards bonds, . . . 20,000 00 23,000 00 

Chicago & Western Indiana R.R. bonds, . . 2,000 00 2,140 00 

State of Georgia bonds, 25,000 00 28,750 1 

Electric & People's Traction bonds, . . 35,000 00 34,650 00 

Berwyn water bonds 10,000 00 11,000 00 

Camden & Atlantic R R. bonds, . . . 15,000 00 16,500 00 

Pittsburg, Chartiers & Yough. R.R. bonds, . 24,000 00 24,550 00 

Huntingdon & Broad Top Mount. R.R. bonds, . 20,000 00 21,350 00 

Lehigh Valley R.R. bonds, .... 76,000 00 91,270 00 

Mortgage Trust Co. of Penn. bonds, . . 25,000 00 21,250 00 

Middlesex Banking Co. debentures, . . 25,000 00 25,000 00 

Northern Central R.R. bonds 10,000 00 10,775 00 

Northern Pacific R.R. bonds, .... 15,000 00 10,950 00 

Omaha Loan & Trust Co. debentures, . . 10,000 00 9,000 00 

Norfolk & Western Car Trust bonds, . . 12,000 00 12,000 CO 

Pen n. & New York Canal & R'y Co. bonds, . 50,000 00 54,750 00 

City of Portland water bonds, .... 50,000 00 57,500 00 

Wheeling & Lake Erie R.R. bonds, . . . 15,000 00 13,725 00 

Ilughesville water bonds, .... 20,000 00 20,000 00 

Philadelphia & Reading R.R. bonds, . . 87,000 00 89,667 50 

Steubenville & Indiana R.R. bonds, . . 21,000 00 24,150 00 

Pitts , Cin., Chic. & St. Louis R.R bonds, . 30,000 00 34,500 00 

Springfield water bonds, 10,000 00 11,500 00 

Second Avenue Traction Co., Pitts., bonds, . 11,000 00 12,870 00 

United Traction Co., Pittsburgh, bonds, . . 25,000 00 29,000 00 

Glen wood Highway Bridge Co. bonds, . . 10,000 00 11,200 00 

Northwestern Guaranty debentures, . . 24,500 00 9,800 00 

Louisville & Nashville R.R. bonds, 1 . . . 20,000 00 20,100 00 



AMERICAN FIRE INSURANCE CO. 



131 



35 shares Philadelphia Bourse, 
500 " Cambria Iron Co., . 
45 " Wheeling & Lake Erie R.R., . 



Par Value. 

$1,375 00 

25,000 00 

4,500 00 



Market Value. 

$ 155 00 

24,125 00 

1,987 50 



§763,375 00 $796,552 50 



Securities held as collateral for cash loans : — 

Lehigh Coal & Navigation Co. bonds, 
5 shares Fourth St. National Bank, . 



Market Value. Loaned Thereon. 

$3,900 00 
1,050 00 



$2,700 00 



$4,950 00 $2,700 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 

Gross assets, 

Deduct special deposits in other States, . 

Balance, 

Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, . 



$397,178 54 

882,402 55 

19,861 33 

796,552 50 

2,700 00 

8,867 74 

63,138 30 

53 00 

169,531 00 

20,601 87 



$2,360,886 83 
57,500 00 

$2,303,386 83 



$61,693 35 

93,903 73 

23,966 68 

938,948 36 

575,309 64 

30,351 50 

7.734 99 

l,731,908 25 

9.735 59 



1,722,172 6Q 

$581,214 17 
500,000 00 

$81,214 17 



* Value of lands mortgaged, . 
Value of buildings tbereon, 
Amount of insurance held as collateral, 



$956,002 00 
953,000 00 
751,380 00 



132 



AMERICAN FIRE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, 

Deposits received for perpetual fire risks, 



$156,635 14 
1,836,910 19 

$1,993,575 33 
169,531 00 

§1,824,044 33 
561,015 05 



sources, . 



f 1,263,029 28 

48,108 54 

36,664 37 

9,201 04 

2,161 43 



§26,176 05 



Gross cash income, , 



. $1,359,164 66 



Expenditures. 
Cash paid for fire losses, ..... 81,131,31464 

Deduct salvage, 113,13146 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expense on real estate, 
Loss on sale of real estate, .... 
Cash paid for incidentals, .... 

Deposits returned on perpetual fire risks, . $28,078 21 



$1,018,183 18 

15,000 00 

264,207 60 

108,743 71 

44,561 53 

6,763 59 

4,417 68 

59,403 88 



Gross cash expenditures, . 



. $1,521,281 17 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$198,369,667 00 $2,174,967 60 
. 156,775,529 00 1,836,940 19 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Perpetual risks in force not (incPd above), 



$355,145,196 00 14,011,907 79 
. 153,180,261 00 1,701,209 71 



$201,964,935 00 $2,310,698 08 
. 36,821,015 00 396,032 44 



$165,143,920 00 $1,914,665 64 
$22,919,773 00 $630,062 65 



UNDERWRITERS AT AMERICAN LLOYDS. 



133 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (3 per cent.), . 
Company's stock owned by directors, . 



$33,892,501 00 

23,016,621 00 

1,071,644 00 

2,898,936 00 

15,000 00 

17,800 00 



UNDERWRITERS AT AMERICAN LLOYDS," NEW YORK. 

[Commenced business April, 1890.] 
GEORGE A. STANTON, Attorney and Manager. 



Detailed Statement 

New York city bonds, .... 
Brooklyn city (East River Bridge) bonds, 
West Shore R R. bonds, .... 
Pitts., Cin., Chic. & St. Louis R.R. bonds, 

Indiana State bonds, 

Massachusetts State bonds, 
Essex Co. Park (N. J.) bonds, . 
Metropolitan Street R'y bonds, 



of Bonds. 

Par Value. 

$175,000 00 
50,000 00 
40,000 00 
25,000 00 
30,000 00 
30,000 00 
50,000 00 
50,000 00 



Market Value. 

$180,000 00 

55,500 00 

46,000 00 

26,625 00 

30,000 00 

33,975 00 

59,000 00 

61,125 00 



§450,000 00 $ 192,225 00 



Summary of Assets Dec. 31, 1901. 



Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, . . . 
Premiums in course of collection (gross), 
Gross assets, 



$492,225 00 
9,262 45 

32,477 54 
4,353 34 

44,219 05 



$582,537 38 



Liabilities. 
Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 

Gross liabilities, except subsc'bers 1 dep'ts, 

Surplus as regards policy holders, . 
Subscribers' deposits paid up, . 






Surplus over subscribers 1 deposits, 



$43,764 47 

106,855 75 

11,054 76 

3,342 76 

4,002 42 



169,020 16 

. $413,517 22 
104,000 00 

. $309,517 22 



134 



UNDERWRITERS AT AMERICAN LLOYDS. 



Income. 
Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 
Received for subscribers 1 deposits, . 



143,097 36 
256,472 19 

#299,569 55 
44,219 05 

$255,350 50 
42,979 16 



1212,871 34 

17,420 54 



. 84,000 00 



Gross cash income, . . . • 8229,791 



Expenditures. 

Cash paid for losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 
for salaries of officers, 
for State and local taxes, 
for incidentals, .... 

Paid retiring subscribers, 

Gross cash expenditures, . 



$185,275 67 
19,084 13 



$173 88 



$166,191 54 

39,656 20 

60,294 10 

5,170 00 

3,565 90 

834 00 



8273,711 74 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . .823,465,358 00 $201,823 45 
Fire risks written during 1901, . . . 28,800,076 00 256,472 19 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$52,265,434 00 $458,295 64 
27,853,946 00 235,341 99 



.824,411,488 00 8222,953 65 
. 1,126,594 00 9,242 14 



.$23,284,894 00 8213,711 51 



Miscellaneous. 

Premiums received from organization of company, . . $2,263,082 00 
Losses paid from organization of company, .... 934,030 00 

Fire losses incurred during the year, 209,119 00 

Cus'i dividends declared from organization of company, . 276,457 00 



AMERICAN MUTUAL FIRE INSURANCE CO. 



135 



"AMERICAN MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated June 1, 1877. Commenced business June 1, 1877.] 
THOMAS J. BORDEN, President. THEODORE P. BOGERT, Secretary. 



Detailed Statement of Stocks 



Rhode Island State bonds, 

Providence city bonds, .... 

Boston city bonds, 

Denver City Tramway Co. bonds, . 
117 shares Providence & Worcester R.R., 
150 ' 

62 ' 
130 ' 
100 ' 

40 ' 
100 ' 



Old Colony R.R., . 
N. Y., N H. & Hartford R.R , 
Morris & Essex R.R., 
Cleveland & Pittsburg R R., . 
Illinois Central R.R., 
Chicago Great Western R.R., . 



and Bonds. 

Par Value. 

$48,000 00 

20,000 00 

20,000 00 

8,000 00 

11,700 00 

15,000 00 

6,200 00 

6,500 00 

5,000 00 

4,000 00 

10,000 00 



Market Value. 

$49,230 00 

22,900 00 

21,200 00 

8,200 00 

35,100 00 

31,350 00 

13,082 00 

12,675 00 

9,700 00 

4,220 00 

9,100 00 



$ 154,400 00 $216,757 00 



Summary of Assets Dec. 31, 1901. 



Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 

State taxes, 

Gross liabilities, 



Net cash assets, 



Income. 

Premiums outstanding Dec. 31, 1900, . . §1,783 37 

Premiums on risks written or renewed, . . 174,112 65 

Total $175,896 02 

Premiums now in course of collection, . . 4,144 55 

Entire premiums collected, . . . . $171,751 47 

Less return premiums, 8,329 85 

Net cash premiums received, .... 

Interest and dividends received from all sources, . 

Gross cash income, 



$216,757 00 

16,931 75 

2,242 33 

4,144 55 



$109 00 

82,932 25 

2,563 73 



$240,075 63 



85,604 98 
$154,470 65 



$163,421 62 
8,520 20 

$171,941 82 



136 



ASSURANCE COMPANY OF AMERICA. 



Expenditures. 
Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 

Amount. Cash Prera's. 

Risks outstanding Dec. 31, 1900, §19,870,397 00 § 161,668 34 



Risks written during 1901, 



21,681,259 00 174,831 52 



Total $41,551,656 00 

Risks terminated during 1901, . 21,330,695 00 



£336,499 86 
170,635 36 



$21,356 10 

142,412 07 

4,386 96 

3,712 28 

3,956 20 

§175,823 61 



Contlng't Prem's. 

§808,341 70 
874,157 60 

§1,682,499 30 
853,176 80 



In force at end of year, 



§20,220,961 00 §165,864 50 §829,322 50 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1901, 88 per cent, 



§21,465 00 



"ASSURANCE COMPANY OF AMERICA," NEW YORK, X. Y. 

[Incorporated Feb. 25, 1S97. Commenced business April 1, 1897.] 

Paid-up Capital, $200,000. 

ROBERT C. RATHBONE, President. R. BLEECKER RATHBOXE, Secretary. 



United States bonds, 
New York city bonds, 



Detailed Statement of Bonds. 

Par Value. Market Value. 

$200,000 00 §212,000 00 

200,000 00 221,750 00 



Summary of Assets Dec 

Bonds, as per schedule, .... 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



Liabilities. 



Losses claimed and reported, 
Losses disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 



§400,000 00 §433,750 00 

31, 1901. 

$433,750 00 

64,682 17 

1,166 67 

88,745 28 

§588,344 12 



640,303 00 
250 00 

840,553 00 
6,083 00 

$34,470 00 



ASSURANCE COMPANY OF AMERICA. 



137 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, . 



$217,354 55 

17,561 70 

30,206 29 

440 92 



8300,033 46 

$288,310 66 
200,000 00 

$88,310 66 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, . . . 
Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest and dividends received from all 
Income from all other sources, 

Gross cash income, 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Cash dividends paid, .... 

•Cash paid for commissions and brokerage, 
for salaries of officers, 
for State and local taxes, 
for incidentals, 

Gross cash expenditures, . 



$53,256 00 

617,527 22 

$670,783 22 

88,745 28 

$582,037 94 

179,061 37 



;es, . 


$402,976 57 

11,798 65 

9 71 


. 


$414,784 93 


. $273,762 26 
54,854 89 


$218,907 37 

24,000 CO 

121,392 61 

3,635 00 

9,607 42 

3,707 31 


$27 60 
27 60 


$381,249 71 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$32,806,466 00 $352,343 41 
53,761,834 00 617,527 22 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$86,568,300 00 $969,870 63 
40,317,021 00 455,093 58 



$46,251,279 00 $514,777 05 
9,372,440 00 91,745 19 



$36,878,839 00 $423,031 86 



138 



ATLANTIC MUTUAL INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 



£1,358,812 00 

764,086 00 

234,586 00 

102,000 00 

24,000 00 

78,600 



"ATLANTIC MUTUAL INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated April 11, 1842. Commenced business July 1, 1842.] 
A. A. RAVEN, President. JOSEPH H. CHAPMAN, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value.* 

American Exchange Bank stock, . . . $90,000 00 $90,000 00 

Bank of America stock, 50,000 00 50,000 00 

Bank of Commerce stock 64,100 00 64,100 00 

Bank of New York stock 94,200 00 94. _ 

Leather Manufacturers 1 Bank stock, . . 25,600 00 25,600 00 

Merchants' Bank stock 70,150 00 70,100 00 

Mechanics' Bank stock, 47,675 00 47,675 00 

Manhattan Company stock, .... 18,000 00 18,<»0 00 

Market & Fulton Bank stock, .... 30.0C0 00 30,000 00 

Phenix Bank stock, 82,140 00 82,140 00 

New York State stock, 400,000 00 400,000 00 

Atlantic Trust Co stock, 161,000 00 161,000 00 

Consolidated Gas Co. stock, .... 62,500 00 62,500 00 

New York City stock 729,600 00 752,660 00 

Atlantic Safe Deposit Co. stock, . . . 15,000 00 15,000 00 

Pennsylvania R.R. Co stock, .... 220,000 00 264,000 00 

N. Y., Lackawanna & Western R R. stock, . 50,000 00 61,687 00 

Morris & Essex R.R. Co. stock, . . . 20,000 00 34,475 00 

Delaware, Lackawanna & Western R.R. stock, 100,000 00 159,212 00 

Chicago & Northwestern R'y Co. stock, . . 100,000 00 160,000 00 

United States Mortgage & Trust Co. stock, . 10,000 00 26,420 00 

N. Y. Central & Hudson River R.R. stock, . 509,000 00 417,380 00 

N. Y. Central & Hudson River R.R. bonds, . 234,000 00 222,825 00 

New York, Chicago & St. Louis R.R. bonds, . 200,000 00 150,000 00 

West Shore R.R. bonds, 200,000 00 150,000 00 

Brooklyn & Montauk R.R. bonds, . . . 75,000 00 60,000 00 

Brooklyn city park bonds, .... 122,000 00 109,800 00 

Jersey city water bonds, 100,000 00 100,000 00 



* Estimated for the purpose of permanent investment. 



ATLANTIC MUTUAL INSURANCE CO. 



139 



District of Columbia bonds, 
United States bonds, . 



Par Value. Market Value. 

fl,025,000 00 $1,025,000 00 
500,000 00 500,000 00 



$5,404,965 00 $5,403,824 00 



Securities held as collateral for cash loans : — 



Southern R'y Co. stock, . 

Great Northern R'y stock, 

Union Pacific R.R. stock, . 

General Electric Co. stock, 

Atchison, Topeka & Santa Fe R.R. Co. bonds 

Manhattan R'y stock, 

Metropolitan Street R'y stock, . 

Consolidated Gas stock, . 

Minn & St. Louis R.R. Co. stock, 

Atch., Topeka & Santa Fe R.R. Co. stock, 

Southern R'y Co. stock, . 

U. S. Steel Co. stock, 

Southern Pacific bonds, . 

Atch., Topeka & Santa Fe R.R. Co. stock, 

U. S Steel stock, 

Union Pacific bonds, . 



Market Value. 

$26,040 00 
184,000 00 >| 
53,400 00 ' 
167,400 00 
93,000 00 ) 
13,600 00 
16,400 00 
1,728 00 
21,200 00. 
29,100 00 | 
27,900 00 } 
47,000 00 
4,650 00 J 
38,000 00 -\ 
18,800 00 i 
5,300 00 ) 



Loaned Thereon. 

$13,496 00 



}> 400,000 00 



} 



25,000 00 



100,000 00 



50,000 00 



$747,518 00 $588,496 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate,* 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, . 
Cash depos. in bank, and with foreign bankers, 
Notes taken for marine and inland risks, 
Prem's more than three mos. due, $82,547 76 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Return premiums, .... 

Miscellaneous, 

Gross liabilities, except scrip, . 

Surplus as regards policy holders, 
Scrip outstanding, not ordered to be redeemed, 

Surplus over scrip, 



$2,639,000 00 

5,403,824 00 

588,496 00 

1,181,644 01 

1,159,385 19 



.$10,972,349 20 



$95,941 41 

1,332,519 59 

14,100 00 

791,851 53 

204,796 48 

43,936 97 

108,955 65 

20,410 33 



- 2,612,511 96 

. $8,359,837 24 

. 6,584,560 00 

. $1,775,277 24 



* Estimated for the purpose of permanent investment. 



140 



ATLANTIC MUTUAL INSURANCE CO. 



Income. 

Marine premiums outstanding Dec. 31, 1900, . $1,254,859 71 
Same not collected, 6,681 08 



Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash marine premiums received, 
Interest and dividends received from all 
Income from rents, .... 

Gross cash income, . 



. $1,248,178 63 
. 3,604,917 63 

. $4,853,096 26 
. 1,241,932 95 

. $3,611,163 31 
164,740 51 



sources, 



$3,446,422 80 

296,050 23 

92,962 05 

$3,835,435 08 



Expenditures. 

Cash paid for marine and inland losses, . . $1,857,044 29 
Deduct salvage and reinsurance, . . . 197,649 63 

Net cash paid for marine and inland losses, . 

Cash paid for redemption of scrip, . 

Interest paid scrip holders, .... 

*Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

Gross cash expenditures, .... 



$1,659,394 66 

1,027,090 00 

379,423 20 

85,583 39 

353,102 81 

58,318 40 

. $3,562,912 46 



Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1900, . $154,700,065 00 $699,323 61 
Marine risks written during 1901, . . .718,746,817 00 3,604,917 63 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



8873,446,882 00 $4,304,241 24 
.722,641,472 00 3,512,389 71 



-5150,805,410 00 $791,851 53 



Miscellaneous. 
Marine and inland losses incurred during the year (estimated), 8703,771 00 



BLACKSTONE MUTUAL FIRE INSURANCE CO. 



141 



"BLACKSTONE MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated August, 1868. Commenced business August, 1868.] 
WM. B. McBEE, President. JAMES H. SWEET, Assistant Secretary.. 



Detailed Statement of Stocks 



Rhode Island State bonds, 

United States bonds, 

Chicago, Burl. & Quincy R.R. bonds, 

United Traction & Electric Co. bonds, 

Gt. Northern & Northern Pacific R.R. bonds, 

264 shares Chic, Rock Island & Pacific R.R., 

300 ' 

200 ' 

200 ' 

300 ' 

150 ' 

50 ' 
110 ' 

75 ' 

60 

100 ' 
400 ' 
200 ' 
200 ' 

62 

50 ' 

50 



Illinois Central R R., 

Chicago & Northwestern R.R., 

Rome, Watertown & Og. R.R., 

Pennsylvania R.R , . 

Pitts., Ft. Wayne & Chic. R.R., 

Rensselaer & Saratoga R.R., . 

Mahoning Coal Co., 

Hereford R.R., 

Albany & Susquehanna R.R., . 

Morris & Essex R.R., 

National Bank of North America, 

National Bank of Commerce, 

Lime Rock National Bank, 

Fourth National Bank, . 

Old National Bank, . 

Manufacturers 1 Trust Co., 



and Bonds. 

Par Value. 

$100,000 00 

16,000 00 

5,000 00 

25,000 00 

56,000 00 

26,400 00 

30,000 00 

20,000 00 

20,000 00 

15,000 00 

15,000 00 

5,000 00 

5,500 00 

7,500 00 

6,000 00 

5,000 00 

20,000 00 

10,000 00 

4,000 00 

6,200 00 

5,000 00 

5,000 00 



Market Value. 

§110,000 00 

22,240 00 

5,200 00 

28,500 00 

54,880 00 

40,392 00 

41,700 00 

41,200 00 

27,800 00 

22,500 00 

28,800 00 

10,550 00 

6,655 00 

7,500 00 

14,580 00 

9,650 00 

18,400 00 

10,200 00 

1,000 00 

7,130 00 

4,600 00 

8,650 00 



$407,600 00 $522,127 00 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross) 
Gross assets, .... 



31, 1901. 

$522,127 00 

52,216 79 

7,213 00 

6,774 38 



$588,331 17 



Liabilities. 

Losses claimed and reported, .... $2,225 84 

Unearned premiums on outstanding risks, . 199,667 32 

State and local taxes, 5,628 35 

Gross liabilities, 



207,521 51 



Net cash assets, 



$380,809 66 



142 BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 



Income. 
Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Interest and dividends received from all sources, 



|4,265 15 
414,730 04 

§418,995 19 
6,774 38 

$412,220 81 
13,489 88 



£398,730 93 
19,173 79 



Gross cash income, $417,904 72 



Expenditures. 
Cash paid for losses, .... 

as profits on terminated policies, 
for inspections, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, . 

Gross cash expenditures, . 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1900, $45,675,549 00 
Risks written during 1901, . 52,949,607 00 



Total, 898,625,156 00 

Risks terminated during 1901, . 47,997,348 00 



Cash Prem"s. 

6357,979 28 
414,730 04 

8772,709 32 
373,374 69 



$13,262 03 
324,459 91 
5,937 72 
9,171 03 
8,787 25 
1,908 58 
4,733 52 

f 368,260 04 



Conting't Prems. 

? 1,789,896 40 
2,073,60 

$3,863,546 60 
1,866,873 4q 



In force at end of year, 



.$50,627,808 00 $399,334 63 81,996,673 15 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 90.16 per cent. 



$15,488 00 



"BRITISH AMERICAN INSURANCE COMPANY OF NEW YORK/ 

NEW YORK, N. Y. 

[Incorporated February, 1S9S. Commenced business February, 1S98.] 

Paid-up Capital, $200,000. 

E. J. KNOWLES, President. JOSEPH M. BIGGERT, Secretory. 

Detailed Statement of Bonds. 

Par Value. Market Value. 

United States bonds, $100,000 00 $108,500 00 

Central Pacific R.R. bonds, .... 10,000 00 10,325 00 



BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 143 



St. Louis & So. Western R'y Co. bonds, . 
Northern Pacific-Gt. Northern bonds, 
N. Y. Gas & Elec. Light, Heat & Pow. Co. bonds, 
New York City bonds, 



Par Value. 

$20,000 00 
20,000 00 
10,000 00 

100,000 00 



Market Value. 

$19,300 00 

19,800 00 

9,700 00 

106,500 00 



$260,000 00 |274,125 00 



Summary of Assets Dec. 31, 1901. 



Bonds, as per schedule, .... 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 

Gross assets, 



$274,125 00 

18,255 09 

1,950 00 

47,857 63 

190 39 



$342,378 11 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, . 



$2,972 06 

13,162 76 

500 00 

$16,634 82 

991 92 

$15,642 90 

89,222 43 

13,654 63 

51 85 



118,571 81 



. $223,806 30 
200,000 00 

$23,806 30 



Income. 

Fire premiums outstanding Dec. 31, 1900, . $12,957 69 

Premiums on risks written or renewed, . . 252,036 88 

Total, $264,994 57 

Premiums now in course of collection, . . 47,857 63 

Entire premiums collected, .... $217,136 94 

Less reinsurance and return premiums, . . 70,544 91 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



$146,592 03 
7,881 64 



Gross cash income, 



$154,473 67 



144 



BUFFALO COMMERCIAL INSURANCE CO. 



Expenditures, 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for tire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premium?. 



f 9 1,689 68 
7,771 05 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



. $8,908,162 00 
. 21,384,282 00 

. |80,292,444 00 

. 12,131,908 00 

.$18,160,536 00 
933,071 00 



$83,918 63 

36,900 49 

4,608 86 

1,295 51 

8,844 62 

* 135,574 11 

Premium". 

$78,839 34 
252,036 88 

$330,870 
145,267 61 

$185,608 61 
15,563 40 



.817,227,465 00 8170,045 21 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$566,442 00 

391,615 00 

90,616 00 

179,000 00 



"BUFFALO COMMERCIAL INSURANCE COMPANY," 
BUFFALO, N. Y. 

[Incorporated April 15, 1896. Commenced business April 16, 1896.] 

Paid-up Capital, 8200,000. 

JOHN G. WICKSER, President. GEO. H. HOFHEINS, Secretary. 



New York City bonds, 
Buffalo, N. Y , city bonds, 



Detailed Statement of Bonds. 

Par Value. Market Value 

. $100,000 00 8102,500 00 

60,000 00 62,724 50 



6160,000 00 8165,224 50 

Summary of Assets Dec. 31, 1901. 
Loans on mortgage of real estate (first liens *), f 109,425 00 



Interest due thereon, 



1,237 50 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



8137,993 00 
11 5,i =>75 00 
100,900 00 



BUFFALO COMMERCIAL INSURANCE CO. 



145 



Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



$165,224 50 

772 26 
57,564 26 

379 17 
24,281 60 



$358,884 29 



Liabilities. 

Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$3,501 65 

13,775 36 

113,052 04 

6,012 13 

52 99 



136,394 17 

$222,490 12 
200,000 00 

$22,490 12 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



$19,781 80 
43 50 

$19,738 30 
201,994 98 

$221,733 28 
24,281 60 

$197,451 68 
39,856 39 



$157,595 29 
6,552 11 
6,338 16 



Gross cash income, $170,485 56 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$104,751 35 
2,307 87 



$102,443 48 
5,000 00 
39,343 30 
6,980 16 
3,940 98 
6,271 05 

$163,978 97 



146 



BUFFALO GERMAN INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.818,390,834 00 
. 18,083,252 00 



. $36,474,086 00 
. 15,739,872 00 

.820,734,214 00 
667,988 00 



Premiums. 

8190,073 08 
201,994 98 

$392,068 06 
169,720 93 

8222,347 13 
5,672 07 



.$20,066,226 00 8216,675 06 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (2.5 per cent.), 
Company's stock owned by directors, .... 



8661,953 00 

380,431 00 

110,857 00 

11,000 00 

5,000 00 

48,500 00 



"BUFFALO GERMAN INSURANCE COMPANY," BUFFALO, N. Y. 

[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.] 

Paid-up Capital, $200,000. 

OLIVER J. EGGERT, President. CHARLES A. GEORGER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

Buffalo city bonds, $720,253 29 

State of New York bonds, .... 45,000 00 

Buffalo Southwestern R.R. bonds, . . . 36,250 00 

Tonawanda Gas Light Co. bonds, . . . 33,000 00 

Third National Bank, Buffalo, stock, . . 45,000 00 

Erie County, N. Y., bonds, .... 210,000 00 



Market Value. 

1720,253 29 
45,000 00 
36,250 00 
33,000 00 
45,000 00 
210,000 00 



fl.089,503 29 $1,089,503 29 



Securities held as collateral for cash loans : — 

Market Value. 

Exchange Elev. Co., Buffalo, N. Y., stock, . f 1,000 00 

International Brew. Co., Buffalo, N. Y., stock, 2,090 00 

Magnus Beck Brew. Co., Buffalo, N. Y., stock, 495 00 

Buffalo Southwestern R.R. Co bonds, . . 6,050 00 

Buffalo General Electric Co. bonds, . . . 4,000 00 

Fid., Trust & Guar. Co., Buffalo, N. Y., stock, . 11,250 00 

German Bank, Buffalo, N. Y., stock, . . 12,000 00 

Buffalo Co-op. Brew. Co., Buffalo, N. l r ., st'k, 1,350 00 

Central Produc. Co , Pitts., Pa., stock, . . 1,250 00 

Nat'l Beet Sugar Co., Sugar City, Col., stock, . 10,000 00 

Nat'l Electrolytic Co., Niagara F., N. Y., st'k, 10,000 00 



Loaned Thereon. 

$700 00 
2,000 00 

8,000 00 

6,500 00 

1,000 00 
180 00 

10.000 00 



BUFFALO GERMAN INSURANCE CO. 



147 



German Bank, Buffalo, N. Y., stock, 
Niagara Falls & Sus. Bridge R'y Co. bonds, 
Third National Bank, Buffalo, N. Y , stock, 



Market Value. Loaned Thereon. 



$8,000 00 
4,120 00 
1,000 00 



^6,000 00 
4,500 00 



$72,605 00 $38,880 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) , 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

Cash deposited in bank 

Premiums in course of collection (gross), 

Rents due and accrued, .... 

Gross assets,f 

Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$304,300 00 

442,585 00 

3,767 25 

1,089,503 29 

38,880 00 

2,489 83 

115,397 97 

57,875 35 

3,661 23 



$1,970 83 
19,460 50 
6,135 80 
373,468 88 
11,575 07 
21,504 25 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



$51,894 22 
536,503 16 

$588,397 38 
57,875 35 

$530,522 03 
122,424 50 



sources, 



!,058,459 92 



- 434,115 33 

. $1,624,344 59 
200,000 00 



. $1,424,344 59 



$408,097 53 
23,205 04 
41,821 28 
21,823 27 

,947 12 



* Value of lands mortgaged, $631,135 00 

Value of buildings thereon 474,325 00 

Amount of insurance held as collateral, .... 368,000 00 

t Including $200,000 special reserve held under New York law. 



148 



CALEDONIAN-AMERICAN INSURANCE CO. 



Expenditures. 
Cash paid for fire losses, 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expense on real estate, 

for incidentals, 

Gross cash expenditures, . 



$248,593 34 
28,627 35 



$219,965 99 
60,000 00 
104,897 29 
27,717 67 
7,771 16 
14,882 00 
32,412 95 

$467,647 06 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$71,755,215 00 
. 51,200,965 00 

8122,956,180 00 
. 45,091,379 00 

.$77,864,801 00 
. 4,504,522 00 



Premiums 

6688,411 13 

536.503 16 

1,224,914 29 

465.504 72 

$759,409 57 

46,003 43 



.$73,360,279 00 $713,406 14 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent), 
Company's stock owned by directors, .... 



$10,392,127 00 
5,017,578 00 
219,097 00 
1,205,925 00 
60,000 00 
51,400 00 



" CALEDONIAN-AMERICAN INSURANCE COMPANY,"' 
NEW YORK, N. Y. 

[Incorporated Dec. 24, 1897. Commenced business March 24, 1898.] 

Paid-up Capital, $200,000. 

CHARLES H. POST, President. N. A. McNEIL, Vice-President and Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

New York City school bonds, .... $200,000 00 $200,000 00 

Chicago & Northwestern Railway Co. stock, . 7,500 00 17,625 00 

Steinway R.R. Co. of N. Y. bonds, . . . 5,000 00 5,850 00 

Brooklyn, Queen's Co. & Sub. R.R. Co. bonds, 5,000 00 5,550 00 

N. Y., Ontario & Western R'y Co. bonds, . 5,000 00 5,175 00 



CALEDONIAN-AMERICAN INSURANCE CO. 



149 



Tenth & Twenty-third Street Ferry Co. bonds, 
Morris & Essex Railway Co. stock, . 
Cleveland & Pittsburgh R.R. Co. stock, . 
Rome, Watertown & Ogdens. R.R. Co. stock, . 



Par Value. 

|5,000 00 
10,000 00 
10,000 00 
10,000 00 



Market Value. 

$5,300 00 
19,600 00 
19,200 00 
13,900 00 



$257,500 00 $292,200 00 



Summary of Assets Dec 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, . . 
Prem's more than three mos. due, . $392 57 
Gross assets, 



31, 1901. 

$292,200 00 
7,059 18 
1,985 41 
8,898 88 
4,699 71 



$314,843 18 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 

Reinsurance, 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 



Income 

Fire premiums outstanding Dec. 31, 1900. 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest and dividends received from all 
Profit on sale of securities, 

Gross cash income, . 



$11,688 95 
6,521 76 
1,250 00 

$19,460 71 
8,558 38 

$10,902 33 

13,132 77 

2,215 82 

6,516 06 



$27,919 13 
160,556 23 

$188,475 36 
9,291 45 

$179,183 91 
127,232 71 



sources, 



32,766 98 

$282,076 20 
200,000 00 

$82,076 20 



$51,951 20 

11,390 62 

5,900 53 

$69,242 35 



150 



CAMDEN FIRE INSURANCE ASSOCIATION. 



Expenditures. 

Cash paid for fire losses $109,278 52 

Deduct salvage and reinsurance, . . . 22,602 20 

Net cash paid for fire losses, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total 

Deduct risks expired and- terminated, 

In force at end of year, . 
Deduct amount reinsured, 



Net amount in force, 



$86,676 32 
5,632 81 
4,865 22 
3,221 60 
3,995 91 

$104,391 86 

Premiums. 

$161,541 69 
160,556 23 

1322,097 92 
143,850 14 

$178,247 78 
154,082 82 

$2,158,451 00 $24,164 96 



.$17,787,143 00 
. 15,703,775 00 



.$33,490,918 00 
. 16,184,773 00 

.$17,306,145 00 
. 15,147,694 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 



$310,143 00 

252,002 00 

81,140 00 

10,000 00 

4,500 00 



» CAMDEN FIRE INSURANCE ASSOCIATION^," CAMDEX, X. J. 

[Incorporated March, 1841. Commenced business April, 1841.] 

Paid-up Capital, $200,000. 

EDMUND E. READ, Jr., President. JOSEPH K. SHARP, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Camden city bonds, $3,500 00 83,750 00 

Lehigh Valley Coal Co. bonds, . . . 20,000 00 22,000 00 

Choctaw, Oklahoma & Gulf R.R. bonds, . . 15,000 00 16,950 00 

Read. Co. & Phil. & Read. Coal & Iron Co. b'ds, 25,000 00 25,000 00 

Consolidated Traction Co. of N. J. bonds, . 15,000 00 16,350 00 

Electric & People's Traction Co. bonds, . . 15,000 00 14,850 00 

Norfolk & Western R.R. Co. bonds, . . 20,000 00 20,400 00 

Maryland Steel Co. bonds, .... 20,000 00 21,000 00 

Syracuse Rapid Transit Co. bonds, . . . 6,000 00 6,120 00 

Asphalt Co. of America bonds, . . . 5,000 00 1,500 00 

Philadelphia Co. of Pittsburg bonds, . . 13,000 00 14,690 00 



CAMDEN FIRE INSURANCE ASSOCIATION. 



151 



South Bound R.R. Co. bonds, . 
Wisconsin Central R.R. Co. bonds, . 
City of Duluth Water and Light bonds, 
Jersey City, Hoboken & Paters'n R.R. Co 
Choctaw & Memphis R.R. Co. bonds, 
Reading Co. Car Trusts, . 
16 shares Girard Trust Co. (Phil.), 



50 

100 

4 

119 

100 



b'ds 



Phila. & Camden Ferry Co., 
Philadelphia Traction Co., 
West Jersey & Seashore R.R., 
Choctaw, Oklahoma & Gulf R.R., 
Philadelphia Co., 



Par Value. 

$10,000 00 

15,000 00 

5,000 00 

15,000 00 

5,000 00 

15,000 00 

1,600 00 

2,500 00 

5,000 00 

200 00 

5,950 00 

5,000 00 



Market Value. 

$11,000 00 

13,500 00 

5,750 00 

12,000 00 

5,800 00 

15,000 00 

9,600 00 

6,000 00 

9,800 00 

260 00 

6,706 00 

4,600 00 



Securities held as collateral for cash loans : — 

Camden & Suburban R'} T Co. bonds, 

South Bound R.R. Co. bonds, .... 



Excess of loan, 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Rents due and accrued, .... 

Reinsurance due on losses paid, 

Miscellaneous, 

Gross assets, 



$242,750 00 |262,626 00 



Market Value. Loaned Thereon. 

$1,050 00 $1,100 00 
16,500 00 10,000 00 



31, 1901. 

$47,700 00 

186.625 00 
4,196 68 

262.626 00 
11,050 00 

71 89 

46,573 68 

416 84 

40,600 32 

295 03 

33 60 

109 20 



$17,550 00 $11,100 00 
50 00 



$11,050 00 



,298 24 



Liabilities. 



Losses claimed and reported, 
Less reinsurance, 

Net amount of unpaid losses, 



$37,734 95 
7,325 70 

$30,409 25 



* Value of lands mortgaged, $166,650 00 

Value of buildings thereon 235,500 00 

Amount of insurance held as collateral 211,200 00 



152 



CAMDEN FIRE INSURANCE ASSOCIATION. 



Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders, unpaid, . 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



$152,587 46 

24,554 82 

186 80 

90 10 

13,533 44 

114 17 

750 00 



$222,226 04 



. §378,072 20 
200,000 00 



Surplus over capital, $178,072 20 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash tire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from miscellaneous, . 
Deposits received for perpetual fire risks, 



$18,735 69 
1,353 11 

$17,382 58 
276,588 08 

£293,970 66 
40,600 32 

$253,370 34 
46,892 70 



sources, 



$206,477 64 

12,780 28 

10,717 55 

1,876 90 

248 40 



£998 81 



Gross cash income, $232,100 77 



Expenditures. 

Cash paid for fire losses, $78,579 95 

Deduct salvage and reinsurance, . . . 3,454 93 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expense on real estate, 

for incidentals, .... 

Deposits returned on perpetual fire risks, . $563 08 



$75,125 02 
20,075 00 
55,034 69 
7,389 75 
3,637 65 
1,244 25 
6,667 78 



Gross cash expenditures, 



$169,174 14 



THE CAPITAL FIRE INSURANCE CO. 



153 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . .$15,257,494 00 $150,896 93 
Fire risks written during 1901, . . . 26,033,682 00 276,588 08 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$41,291,176 00 $427,485 01 
. 14,425,165 00 138,335 07 



. $26,866,011 00 $289,149 94 
702,454 00 7,305 14 



.$26,163,557 00 $281,844 80 



Perpetual risks in force (not incl'd above), . $1,210,650 00 $27,283 13 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$747,663 00 

241,680 00 

97,829 00 

267,937 00 

20,000 00 

31,590 00 



"THE CAPITAL FIRE INSURANCE COMPANY OF CONCORD, 

N. H.," CONCORD, N. H. 

[Incorporated March 10, 1886. Commenced business March 19, 1S86.] 

Paid-up Capital, $200,000. 

LYMAN JACKMAN, President. CHARLES L. JACKMAN, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

City of Portsmouth, N. H , bonds, . . . f 40,000 00 $43,200 00 

City of Dover, N. H, bonds, .... 26,00000 28,08000 

City of Concord, N. H., bonds, .... 25,000 00 28,000 00 

N. H. Trust Co., Manchester, N. H., bonds, . 4,950 00 3,960 00 

Muscatine M. & Tr. Co., Muscatine, la., bonds, 2,750 00 2,200 00 

City Water Co., Merrill, Wis., bonds, . . 5,000 00 5,000 00 

Cent. Loan & Deb. Co., Kan. City, Mo., bonds, 3,085 00 2,468 00 

Winfield Water Co., Winfield, Kan., bonds, . 3,000 00 3,000 00 

Johnson L. & Tr. Co., Ark. City, Kan., bonds, 1,250 00 245 00 

Grand Forks, Da., Gas & Electric Co. bonds, . 3,000 00 3,000 00 

Wichita, Kan., Water Co. bonds, . . . 2,000 00 2,000 00 

Metropolitan West End R.R. Co. bonds, . . 1,000 00 1,020 00 

Neb. Loan & Tr. Co., Hastings, Neb., bonds, . 500 00 500 00 

City of Kingman, Kan., Water Co. bonds, . 1,000 00 500 00 

Town of Montrose, Col., bonds, ... 800 00 800 00 

Denver Consolidated Electric Co. bonds, . 1,000 00 1,000 00 



154 



THE CAPITAL FIKE INSURANCE CO. 



Denver Consolidated Gas & Electric Co. bonds, 

60 shares C. & M. R.R 

25 " Page Belting Co., Concord, N. H., . 
25 " Prescott Piano Co., Concord, N. H., . 

1 share Amoskeag M'fg Co , Manch., N. H., 

2 shares Nashua M'fg Co., Nashua, N. H., . 



30 
50 
10 
7 
12 



Pullman Palace Car Co., . 
Concord Real Estate Co., . 
National Bank of Lebanon, N, H., 
Amory Manufacturing Co., 
Metropolitan West Side R.R., . 



Par Value. 


Market Value. 


$5,000 00 


$ 4,400 00 


6,000 00 


12,000 00 


1,250 00 


1,250 00 


2,500 00 


2,500 00 


1,000 00 


1,775 00 


1,000 00 


1,150 00 


3,000 00 


6,540 00 


5,000 00 


5,000 00 


1,000 00 


1,250 00 


700 00 


1,050 00 


1,200 00 


1,012 00 



$147,985 00 $162,900 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross) 

Rents due and accrued, 

Reinsurance due on losses paid, 

Gross assets, .... 



$101,198 90 

90,076 65 

2,002 43 

162,900 00 

2,585 24 

13,907 78 

1,047 74 

32,618 41 

483 33 

313 41 



$407,133 89 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
Due for borrowed money, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 



$14,212 69 

7,986 97 

950 00 

$23,149 66 
3,212 25 

$19,937 41 
129,427 25 
5,729 94 
7,000 00 
5,570 16 
6,650 47 



174,315 23 

$232,818 66 
200,000 00 

$32,818 66 



* A T alue of property mortgaged, . 
Amount of insurance beld as collateral, 



$193,000 00 
82,400 00 



THE CAPITAL FIRE INSURANCE CO. 



155 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 
Income from all other sources, 
Borrowed money, .... 



Gross cash income, 



other 



Expenditures 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 



$42,407 85 
245,927 61 

$288,335 46 
32,618 41 

§255,717 05 
110,076 82 



sources, 



$2,000 00 



$165,423 61 
55,618 37 



$145,640 23 

4,134 63 

6,556 44 

5,698 84 

57 27 



$162,087 41 



$109,805 24 

4,000 00 

32,543 88 

11,426 95 

6,623 43 

10,664 79 

$175,064 29 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

.$32,956,416 00 $374,713 17 
. 20,910,121 00 245,927 61 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



.$53,866,537 00 $620,640 78 
. 24,141,084 00 294,111 09 



. $29,725,453 00 $326,529 69 
. 5,163,270 00 72,864 63 



.$24,562,183 00 $253,665 06 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (2 per cent), . 
Company's stock owned by directors, .... 



$3,019,975 00 

1,322,562 00 

108,073 00 

105,614 00 

4,000 00 

37,700 00 



156 THE CENTRAL MANUFACTURERS' MUTUAL INSURANCE CO. 



"THE CENTRAL MANUFACTURERS 1 MUTUAL INSURANCE 
COMPANY," VAN WERT, OHIO. 

[Incorporated April 7, 1876. Commenced business Oct. 2, 1876.] 
H. V. OLNEY, President. W. W. PURMORT, Secretary. 



Detailed Statement of Bonds. 

Par Value. 

United States bonds, $50,000 00 

Ohio city bonds, 3,600 00 

Van Wert street improvement bonds, . . 7,100 00 

Van Wert County turnpike bonds, . . . 6,000 00 



Market Value. 

$54,500 00 
3,776 00 
7,130 96 
6,000 00 



$66,700 00 $71,406 96 



Summary of Assets Dec. 31, 1901. 



Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, .... 



Net cash assets, 



$29,355 00 

478 23 

71,406 96 

602 78 

3,227 12 

8,627 96 



$7,749 29 
9,766 14 
1,200 00 

45,531 14 

1,136 38 

49 75 



$113,698 05 



65,432 70 
$48,265 35 



Income. 

Premiums outstanding Dec. 31, 1900, . . $10,872 40 
Premiums on risks written or renewed, . . 108,795 17 

Total, $119,667 57 

Premiums now in course of collection, . . 8,627 96 

Entire premiums collected, .... $111,039 61 
Less reinsurance and return premiums, . . 20,463 45 

Net cash premiums received, .... 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



$90,576 16 
1,301 49 
1,405 79 



Gross cash income, $93,283 44 

* Value of lands mortgaged, $83,117 00 

Value of buildings thereon, 2,700 00 

Amount of insurance held as collateral 2,700 00 



citizens' INSURANCE CO. 



157 



Expenditures. 

Cash paid for losses, 

Deduct reinsurance, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 



$62,848 00 
94 86 



Gross cash expenditures, . 



$62,753 14 
9,478 71 
13,849 68 
6,316 96 
2,180 93 
250 00 
3,111 07 

$97,940 49 



Risks and Premiums. 

Amount. Cash Prem's. Contlng't Prem's. 

Risks outstanding Dec. 31, 1900, $5,036,947 00 $93,335 09 $475,00153 

Risks written during 1901, . 6,124,736 00 108,795 17 566,640 67 



Total, $11,161,683 00 $202,130 26 $1,041,642 20 

Risks terminated during 1901,. 6,180,865 00 110,948 98 576,08100 



In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



1,980,818 00 $91,181 28 $465,561 20 
3,300 00 119 00 595 00 



1,977,518 00 $91,062 28 $464,966 20 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1901, 20 per cent. 



$77,285 00 



"CITIZENS' INSURANCE COMPANY OF MISSOURI," 

ST. LOUIS, MO. 

[Incorporated February, 1837. Commenced business 1837.] 
Paid-up Capital, $200,000. 
SOL. E. WAGGONER, President. JOHN H. CARR, Secretary. 

Summary of Assets Dec 31, 1901. 

Cash value of unencumbered real estate, . $4,877 00 

Loans on mortgage of real estate (first liens *), 206,955 00 

Interest due or accrued thereon, . . . 3,245 00 

Southern Pacific R.R. bonds, .... 54,875 00 



* Value of lands mortgaged, $316,800 00 

Value of buildings thereon, 211,200 00 

Amount of insurance held as collateral, .... 169,150 00 



158 



CITIZENS INSURANCE CO. 



Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 

Gross assets, 



$1,019 11 

126,793 04 

416 00 

139,128 05 

1,734 35 



$539,042 55 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



Income. 
Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1900, 

Premiums on risks written or renewed, . 



Total, 

Less reinsurance and return premiums, . 
Net cash marine premiums received, 
Interest received on mortgages, 



$15,318 83 

139,000 18 

10,425 00 

^164,744 01 
122,032 86 

§42,711 15 

166,706 27 

29,564 70 

14,606 74 

418 53 



§93,181 25 
1,340 48 

§91,840 77 
1,196,951 45 

§1,288,792 22 
139,128 05 

$1,149,664 17 
918,183 38 

§81 62 
839 45 

§921 07 
644 75 



254,007 39 

§285,035 16 
200,000 00 

§85,035 16 



§231,480 79 



276 32 
10,636 61 



Gross cash income, §242,393 72 



THE COLONIAL ASSURANCE CO. 



159 



Expenditures. 

Cash paid for fire losses, $464,598 76 

Deduct salvage and reinsurance, . . . 345,094 30 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . . $ 264 64 

Deduct salvage and reinsurance, . . . 185 25 

Net cash paid for marine and inland losses, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for profit and loss account, 

for incidentals, 

Gross cash expenditures, . 



$119,504 46 



79 39 

54,746 44 

19,259 83 

8,566 80 

235 45 

20,766 93 

$223,159 30 



Risks and Premiums. 



. $46,605,546 00 
. 91,079,594 00 

$137,685,140 00 
49,552,061 00 



,133,079 00 
64,686,661 00 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1901, . 
Deduct risks expired and terminated, 



Miscellaneous 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Company's stock owned by directors, 



Premiums. 

$550,063 38 
1,196,951 45 

11,747,014 83 
612,963 76 

(1,134,051 07 
831,486 07 



$23,446,418 00 


$302,565 00 


$184,102 00 


$839 45 


184,102 00 


839 45 




$4,039,689 00 


. 


147,390 00 


year, 


79 00 


company, 


985,798 00 


. 


200,000 00 



"THE COLONIAL ASSURANCE COMPANY OF THE CITY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated June 16, 1896. Commenced business July 15, 1896.] 

Paid-up Capital, $200,000. 

LEO H. WISE, President. E. E. HALL, Secretary. 



United States bonds, 
New York city bonds, 



Detailed Statement of Bonds. 

Par Value. Market Value. 

$125,000 00 $139,300 00 

200,000 00 193,500 00 



160 



THE COLONIAL ASSURANCE CO. 



New York State bonds, 
Brooklyn city bonds, 



Par Value. Market Value. 

$100,000 00 $100,000 00 
25,000 00 26,750 00 



$450,000 00 $459,550 00 



Summary of Assets Dec. 31, 1901. 



Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



$459,550 00 

2,018 02 

3,551 69 

3,229 17 

90,754 73 



$559,103 61 
13,950 00 



Balance $545,153 61 



Liabilities 
Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, 



$12,483 14 
31,418 26 

$43,901 40 
3,720 67 

$40,180 73 

220,233 19 

22,873 98 

18,747 14 

1,383 64 

$303,418 68 
3,000 00 



$300,418 68 

$244,734 93 

200,000 00 



Surplus over capital, $44,734 93 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums 7 4 eceived, 



$73,616 17 
405,456 73 

6479,072 90 
83,214 33 

$395,858 57 
83,737 09 



8312,121 48 



THE COLONIAL ASSURANCE CO. 



161 



Marine premiums outstanding Dec. 31, 1900, . $12,812 33 
Premiums on risks written or renewed, . . 69,478 63 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest and dividends received from all sources, . 

Profit on sale or maturity of securities, . 



$82,290 96 
7,540 40 


$74,750 56 
8,169 09 



,581 47 
12,464 17 
2,244 15 



Gross cash income, $393,411 27 



Expenditures 

Cash paid for fire losses, .... 

for marine and inland losses, . 

for commissions and brokerage, 

for salaries of officers, . 

for State and local taxes, 
Loss on sale of securities, 
Cash paid for incidentals, 

Gross cash expenditures, . 



$222,562 21 
35,684 31 
118,212 61 
3,450 00 
8,503 86 
3,250 00 
2,634 30 

$394,297 29- 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks aisd Premiums. 

Premiums. 

$23,776,600 00 $241,600 17 
36,070,782 00 405,456 70 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



$59,847,382 00 $647,056 87 
30,343,837 00 312,750 58 



$29,503,545 00 $334,306 29 
1,097,633 00 11,638 07 



$28,405,912 00 $322,668 22 



$1,851,078 00 
2,578,897 00 

$4,429,975 00 
2,741,409 00 

$1,688,566 00 
1,000 00 



$63,982 14 
69,478 G6 

^133,460 80 
75,697 10 

$57,763 70 
20 44 



Net amount in force, . 



$1,687,566 00 $57,743 26 



162 



COLONIAL FIRE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, . .$1,572,496 00 

Losses paid from organization of company, .... 1,239,837 00 

Fire losses incurred during the year, 213,055 00 

Marine and inland losses incurred during the year, . . 30,084 00 

Cash dividends declared from organization of company, . 20,000 00 

Company's stock owned by directors, 92,100 00 



-COLONIAL FIRE INSURANCE COMPANY," WASHINGTON, D. C. 

[Incorporated Dec. 12, 1899. Commenced business Feb. 10, 1900.] 

Paid-up Capital, $-200,000. 

S. W. WOODWARD, President. E. QUINCY SMITH, Secretary. 

Detailed Statement of Bonds. 

Par Value. Market Value. 

Norfolk, Va., city bonds, £ 10,000 00 8 10,150 00 

New York city bonds, 55,500 00 58,922 50 

Brooklyn city bonds, 1,000 00 1,040 00 

Syracuse, N. Y., city bonds, .... 30,000 00 29,550 



Securities held as collateral for cash loans : — 

75 shares Nat'l Metropolitan B'k, Washing., 
436 " American Graphophone Co., . 
26 " Amer. Security & Trust Co., Wash., 



890,500 00 899,662 50 



Market Value. 

$56,250 00 
1,526 00 
5,642 00 



§63,418 00 

Summary of Assets Dec. 31, 1901. 
Loans on mortgage of real estate (first liens *) , $98,630 19 



Loaned Thereon. 

$28,500 00 
1,3< 
4.500 00 

834,300 00 



Interest due or accrued thereon, 
Bonds, as per schedule, .... 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Miscellaneous, 

Gross assets, 

Deduct special deposits in other States, . 



Balance, 



1,045 28 

99,662 50 

34,300 00 

4,524 85 

18,284 56 

933 05 

14,408 85 

773 76 



8272,563 04 
10,125 00 

8262,438 04 



Liabilities. 



Losses adjusted, unpaid, . 
Losses claimed and reported, 



85,779 33 
5,637 10 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$135,096 00 

142.S50 00 

94,400 00 



COLONIAL FIRE INSURANCE CO. 



163 



Unearned premiums on outstanding risks, 
Slate and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, 
Reinsurance disallowed, . 
Miscellaneous, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, . 



$53,595 24 

138 98 

2,905 43 

2,580 25 

34 07 

12 56 




$70,682 96 
10,125 00 


§60,557 96 




. 


§201,880 08 
200,000 00 


. 


§1,880 08 



Income. 

Fire premiums outstanding Dec. 31, 1900, . $3,975 32 

Premiums on risks written or renewed, . . 116,283 36 

Total, $120,258 68 

Premiums now in course of collection, . . 14,408 85 

Entire premiums collected, .... -§105,849 83 
Less reinsurance and return premiums, . . 25,436 30 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 



$80,413 53 
4,052 17 
5,180 89 

$89,646 59 



Expenditures. 

Cash paid for fire losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



§39,094 77 

24,314 75 

6,780 00 

2,128 96 

6,094 35 

§78,412 83 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



*2,652,569 00 
8,565,387 00 



Premiums. 

$39,239 98 
116,283 36 



.$11,217,956 00 §155,523 34 
. 3,971,298 00 55,262 27 



',246,658 00 $100,261 07 
440,434 00 5,268 09 



. §6,806,224 00 §94,992 98 



164 



COMMERCE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock 'owned by directors, 



-127,212 00 
47,173 00 
47,249 00 
90,400 00 



"COMMERCE INSURANCE COMPANY," ALBANY, N. Y. 

[Incorporated June 1, 1659. Commenced business June 1, 1859.] 

Paid-up Capital, §200,000. 

GARRET A. VAX ALLEN*, President. E. DARWIN JI. Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

f 175,000 00 8221,750 00 

15,000 00 18,750 00 

5,000 00 8,000 00 



United States bonds, .... 

150 shares First Natl Bank, Albany, N. Y., 
50 " National Bank, Cohoes, N. l r ., 



Securities held as collateral for cash loans : 

10 shares First Nat'l Bank, Albany, N. Y\, 
35 " National Bank of Cohoes, N. Y., 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 



8 196,000 00 ?248,500 00 

Market Value. Loaned Thereon. 

$1,250 00 $1,000 00 

5,600 00 SO 



66,850 00 


51,300 00 


31, 1901. 




',000 00 




38,200 00 




248,500 00 




1,300 00 




1,538 32 




30,848 13 




150 00 




20,495 09 




963 29 






$420,994 83 




•56,270 00 




10,290 00 




1,500 00 




618,060 00 




510 00 





$17,550 00 



* Value of lands mortgaged, .... 
Value of buildings thereon, 
Amount of insurance held as collateral, . 



">0 00 
54,050 CO 

46,000 00 



COMMERCE INSURANCE CO. 



165 



Unearned premiums on outstanding risks, 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, . 

Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 



Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 



100,654 29 

156 34 

4,159 90 

1,954 26 

4,967 61 






Gross cash income, 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of oflScers and employees, 

for State and local taxes, 

for repairs on real estate, 

for incidentals, .... 

Gross cash expenditures, . 



$14,651 94 
174,405 03 

$ 189,056 97 
20,495 09 

$168,561 88 
21,295 31 



sources, 



$81,075 99 
2,233 41 



$129,442 40 

$291,552 43 
200,000 00 

$91,552 43 



$147,266 57 
1,570 00 
7,934 47 
6,779 92 

$163,550 96 



$78,842 58 

16,000 00 

33,689 28 

13,501 38 

7,796 45 

403 43 

8,407 36 

$158,640 48 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

.$17,753,753 00 $184,425 95 
. 15,930,876 00 174,405 03 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$33,684,629 00 $358,830 98 
. 13,454,164 00 154,278 09 



. $20,230,465 00 $204,552 89 
. 1,157,393 00 10,793 99 



.$19,073,072 00 $193,758 90 



166 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent ), . 
Company's stock owned by directors, . . . . 



$5,958,872 00 

3,784,290 00 

88,868 00 

936,000 00 

16,000 00 

70,400 00 



"THE COMMERCIAL UNION FIRE INSURANCE COMPANY OF 

NEW YORK,'' N. Y. 

[Incorporated Oct. 30, 1890. Commenced business April 1, 1891.] 

Paid-up Capital, $200,000. 

A. H. WRAY, President. C. J. HOLM AN, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, 

New York city armory bonds, . 

New York city water loan, 

Atchison, Topeka & Santa Fe R.R. bonds, 

Southern R'y bonds, 

Chicago, Mil. & St. Paul R.R. stock, 
Southern R'y Co. stock, .... 



Par Value. 

§20,000 00 
200,000 00 
13,000 00 
10,000 00 
8,000 00 
10,000 00 
10,000 00 



Market Value. 

$27,950 00 

198,000 00 

13,438 75 

10,200 00 

9,960 00 

18,950 00 

9,300 00 



$271,000 00 $287,798 75 



Summary of Assets Dec. 31, 1901. 



Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 
Prem's more than three mos. due, 6376 44 
Gross assets, 



§287,798 75 

1,663 16 

16,446 79 

1,113 75 

44,585 55 

63 09 



8351,676 09 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, , . 



$8,465 00 

14,500 00 

3,500 00 

$26,465 00 
7,375 00 



Net amount of unpaid losses, . 



§19,090 00 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



167 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 
Reserved for contingencies, 
Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, . 



§81,497 50 

7,882 21 

6,015 31 

110 01 

2,000 00 



§116,595 03 

$235,081 06 
200,000 00 

$35,081 oa 



Income. 

Fire premiums outstanding Dec. 31, 1900, . $45,969 35 
Premiums on risks written or renewed, . 271,164 62 

Total, |317,133 97 

Premiums now in course of collection, . . 44,961 99 

Entire premiums collected, .... $272,171 98 
Less reinsurance and return premiums, . . 131,152 77 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 

Gross cash income, 



$141,019 21 
8,590 62 

$149,609 8a 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . , . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, . ... 

Gross cash expenditures, .... 



$135,782 95 
54,838 79 



,944 16 

10,000 00 

31,633 02 

3,724 93 

5,105 47 

3,233 61 

$134,641 19 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Tremiums. 

.$26,246,937 00 $255,844 54 
. 25,790,012 00 271,164 62 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $52,036,949 00 $527,009 16 
. 26,761,859 00 266,112 13 



. $25,275,090 00 $260,897 03 
. 9,936,433 00 96,131 08 



.$15,338,657 00 $164,765 95 



168 



THE COMMONWEALTH INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, .... 



8676,861 00 

395,646 00 

77,751 00 

59,000 00 

10,000 00 

'0 00 



"THE COMMONWEALTH INSURANCE COMPANY OF 
NEW YORK," N. Y. 

[Incorporated Aug. 23, 1886. Commenced business Sept. 15, 1S86.] 
Paid-up Capital, $500,000. 
•CHARLES S. BARTOW, President. E. J. PERRIN, Secretary pro tern. 



Detailed Statement of Stocks 



United States bonds, .... 

New York city bonds, .... 
Missouri, Kansas & Texas R'y bonds, 
200 shares American Telephone & Cable Co. 
175 
320 
1,000 
200 
235 
200 
100 
500 
300 
200 
200 
100 
200 
100 
100 

50 
200 

70 
200 
100 
400 
200 

13 

25 

50 ' 

17 ' 



American Surety Co., . 

American Sugar Refining Co., 

Brooklyn City R.R. Co., 

Am. Smelting & Refining Co., 

American Tel. & Telegraph Co , 

Chicago & Alton R'y Co., . 

Chic, St. Paul, Minn. & O'ha R"y 

Chicago, Mil. & St. Paul R'y, 

Chicago & Northwestern R'y, 

Consolidated Gas Co. of N. Y., 

Del., Lack. & Western R.R Co., 

Delaware & Hudson Canal Co., 

Erie R.R. Co., 

Great Northern R'y Co., 

Illinois Central R.R. Co., . 

Kan. City, St. Louis & Chic. R.R 

Pullman Co., 

Hocking Valley R'y Co., 

N. l r ., New Haven & Hart. R.R., 

Rome, Watert'n & Ogden. R.R., 

Pennsylvania R.R. Co., 

United States Steel Corporation, 

Bank of America, N. Y\, 

Central National Bank, N. Y., 

German-American Bank, N. Y\, 

Manhattan Company, . 



and Bonds. 

Par Value. 

$5,000 00 

195,000 00 

10,000 00 

20,000 00 

8,750 00 

32,000 00 

10,000 00 

20,000 00 

23,500 00 

20,000 00 

10,000 00 

50,000 00 

30,000 00 

20,000 00 

10,000 00 

10,000 00 

20,000 00 

10,000 00 

10,000 00 

5,000 00 

20,000 00 

7,000 00 

20,000 00 

10,000 00 

20,000 00 

20,000 00 

1,300 00 

2,500 00 

3,750 00 

850 00 



Market Value. 

|5,450 00 

198,312 50 

9,800 00 

18,025 00 

15,312 50 

35,340 00 

18,725 00 

19,387 50 

35,981 25 

15,275 00 

10,162 50 

83,150 00 

44,146 88 

39,812 50 

15,387 50 

12,100 00 

14,375 00 

18,450 00 

13,812 50 

6,818 75 

36 612 50 

5,810 00 

40,400 00 

11,087 50 

29,525 00 

18,350 00 

3,401 25 

3,632 50 

4,537 rO 

1,672 32 



THE COMMONWEALTH INSURANCE CO. 



169 



50 shares National Park Bank of N. Y., . 
50 4i Merchants 1 National Bank, N. Y., 
25 " Nal'l Bank of Commerce, N. Y., 
50 " N. Y. Produce Exchange Bank, 
50 " Corn Exchange Bank, 



Par Value. 

§5,000 00 
2,500 00 
2,500 00 
5,000 00 
5,000 00 



Market Value. 

822,794 37 

3,625 00 

4,500 00 

5,550 00 

14,000 00 



$644,650 00 $835,322 32 



Summary of Assets Dec. 31, 1901. 

Loans on mortgage of real estate (first liens *), $113,T)00 00 

Interest due or accrued thereon, . . . 1,160 83 

Stocks and bonds, as per schedule, . . . 835,322 32 

Cash in the office of the company, . . . 1,382 44 

Cash deposited in bank, 28,672 30 

Premiums in course of collection (gross), . 37,323 55 

Gross assets, $ 1,016,861 44 

Liabilities. 

Losses claimed and reported, .... $12,697 31 

Unearned premiums on outstanding risks, . 150,318 28 

Due and accrued for rent, salaries, etc., . . 2,050 00 

•Commissions and brokerage, .... 5,399 19 

Return premiums, 1,204 07 

Reinsurance disallowed, 2,114 15 

Reserved for contingencies, .... 44,105 46 

Gross liabilities, except capital, . . 

Surplus as regards policy holders, 

Paid-up capital, $500,000 00 

Scrip outstanding, not ordered to be redeemed, 12,400 00 

Surplus over capital and scrip, 

Income. 

Fire premiums outstanding Dec. 31, 1900, . §33,008 69 
Premiums on risks written or renewed, . . 307,128 04 

Total §340,136 73 

Premiums now in course of collection, . . 37,323 55 

Entire premiums collected, .... $302,813 18 
Less reinsurance and return premiums, . . 56,319 33 

Net cash fire premiums received, . . . §246,493 85 

Interest received on mortgages, 5,560 00 

Interest and dividends received from all other sources, . . 30,267 95 

Gross cash income, $282,321 80 



217,888 46 
§798,972 98 



512,400 00 
$286,572 98 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



|86,000 00 

9S.000 00 
100,000 00 



170 



THE CONCORDIA FIRE INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



* 147,880 51 
3,133 26 



Gross cash expenditures, 



|144,747 25 

30,000 00 
36,828 70 
26,240 70 
8,318 26 
11,982 11 

-,117 02" 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . . ^28,606,385 00 $250,869 81 
Fire risks written during 1901, . . . 34,512,782 00 307,128 04 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $63,119,167 00 $557,997 85 
. 33,272,167 00 271,941 16 



$29,847 ,000 00 $286,056 69 
790,729 00 4,941 03 



.$29,056,271 00 £281,115 66 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$2,968,994 0O 

• 1,706,153 00 

140,124 00 

321,000 00 

30,000 00 

210,000 00 



"THE CONCORDIA FIRE INSURANCE COMPANY OF 
MILWAUKEE," MILWAUKEE, WIS. 

[Incorporated March 7, 1870. Commenced business March 20, 1- 
Paid-up Capital, $200,000. 
GEO. BRUMDER, President. FRANK DAMKOEHLER, Secretary. 



Detailed Statement of Bonds. 

Par Value. Market Value. 

Chicago, 111., sewerage bonds, .... $25,000 00 825,297 50 

Cincinnati sinking fund bonds, . . . 40,000 00 42,848 00 

Washington Co., 111., bonds, .... 15,000 00 15,402 0O 



THE CONCORDIA FIRE INSURANCE CO. 



171 



Lincoln, Xeb., school bonds, . 
State of Montana bonds, . 
Fond du Lac, Wis., bonds, 
Sparta, Wis., bonds, . 
Dubuque, Iowa, improvement bonds, 
Whiting, Ind., water works bonds, 
Kansas City, Mo., funding bonds, 
Lawrence County, 111., bonds, . 
Spokane, Wash , water works bonds, 
New York city bonds, 
Milwaukee, Wis., school bonds, 



Par Value. 

§25,000 00 

40,000 00 

30,000 00 

3,000 00 

10,000 00 

10,000 00 

11,900 00 

12,500 00 

20,000 00 

25,000 00 

50,000 00 



Market Value. 

§26,150 00 
41,268 00 
30,348 00 
3,000 00 
10,000 00 
10,863 00 
13,280 40 
13,357 50 
22,336 00 
27,297 50 
54,163 70 



§317,400 00 §335,611 60 



Summary of Assets Dec. 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Bonds, as per schedule, . 

Cash in the office of the company, 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross), 

Reinsurance due on losses paid, 

Gross assets, 



31, 1901. 

|32,300 00 

407,955 00 

4,605 32 

335,611 60 

2,131 48 

22,265 60 

6,452 90 

116,349 31 

1,303 34 



§928,974 55 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 



§36,135 99 

45,821 83 

4,250 00 

§86,207 82 
24,640 31 

§61,567 51 

560,438 79 

29,087 33 

1,097 42 



652,191 05 

§276,783 50 
200,000 00 

§76,783 50 



* Value of lauds mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$627,400 00 
601,300 00 
345,150 00 



172 



THE CONCORDIA FIRE INSURANCE CO. 



Income. 
Fire premiums outstanding Dec. 31, 1900, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Gross cash income, . 



Expenditures 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for repairs on real estate, 

for incidentals, 



Gross cash expenditures, . 



$124,086 34 
2,983 63 

§121,102 71 
926,589 75 

fl,047,692 46 
116,349 31 

$931,343 15 
314,347 36 



sources, 



§492,614 67 
123,703 30 



$616,995 79 

24,682 78 

14,207 39 

1,450 00 

§657,335 96 



1368,911 37 
20,000 00 
171,185 51 
33,900 89 
22,571 85 
420 23 
56,014 05 

8673,003 90 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$115,315,211 00 $1,244,859 72 
. 78,832,263 00 926,589 75 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$194,147,474 00 $2,171,449 47 
. 73,288,392 00 842,792 04 



$120,859,082 00 §1,328,657 43 
. 18,951,355 00 228,077 56 



§101,907,727 00 §1,100,579 87 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, .... 



§7,910,442 00 

4,133,041 00 

396,927 00 

327,667 00 

20.000 00 

107,700 00 



CONNECTICUT FIRE INSURANCE CO. 



173 



"CONNECTICUT FIRE INSURANCE COMPANY," HARTFORD, 

CONN. 

[Incorporated June, 1850. Commenced business July, 1850.] 

Paid-up Capital, $1,000,000. 

J. D. BROWNE, President. CHARLES R. BURT, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Dominion of Canada bonds, .... $100,00000 $101,00000 

State of Georgia bonds, 25,000 00 28,500 00 

Territory of Arizona bonds, .... 75,000 00 82,000 00 

City of Astoria, Ore., bonds, .... 17,000 00 18,5C0 00 

City of Dallas, Tex., bonds, .... 12,000 00 13,200 00 

City of Duluth, Minn , bonds, .... 10,000 00 10,700 00 

City of Fargo, N. D., bonds, . . . . 15,000 00 15,990 00 

City of Helena, Mont., bonds, .... 20,000 00 21,600 00 

City of Pawtucket, R. I., bonds, . . . 30,000 00 32,400 00 

City of Portland, Ore., bonds, .... 25,000 00 28,750 00 

City of Richmond, Va., bonds, . . . 50,000 00 50,000 00 

City of Salem, Ore , bonds, .... 11,00000 11,88000 

City of Salt Lake, U., bonds 40,000 00 44,000 00 

City of Seattle, Wash., bonds, .... 25,000 00 27,000 00 

City of Urbana, O., bonds, .... 15,000 00 15,000 00 

Hennepin Co. & Minnea'lis city, Minn., bonds, 25,000 00 27,500 00 

Wayne County, Mich., bonds, .... 25,000 00 26,250 00 

Mankato School District, Minn., bonds, . . 15,000 00 15,000 00 

School Dist. No. 24, Marion Co., Ore., bonds, . 13,000 00 14,040 00 

South School District, Hart., Conn., bonds, y 25,000 00 26,125 00 

High School District, Stockton, Cal., bonds, . 30,000 00 33,000 00 

Atlantic & Danville R.R. Co. bonds, . . 25,000 00 23,625 00 

Black Rocks & Salis. Beach St. R.R. Co. bonds, 10,000 00 10,000 00 

Broadway & Seventh Avenue R.R. Co. bonds, 20,000 00 20,400 00 

Chic, St. Louis & New Orl. R.R. Co. bonds, . 25,000 00 24,500 00 

Chicago & Northwestern R.R. Co. bonds, . 5,000 00 5,400 00 

Chicago & Western Indiana R.R. Co. bonds, .. 24,000 00 28,320 00 

Cincinnati, Dayton & Ironton R.R. Co. bonds, . 15,000 00 16,500 CO 

Cincin , Hamilton & Dayton R.R. Co. bonds, . 50,000 00 55,000 00 

Cleve., Cin , Chic & St. Louis R.R. Co. bonds, 10,000 00 9,500 00 

Cleveland Electric R y Co. bonds, . k . . 30,000 00 31,500 00 

Cleveland & Mahoning Valley R.R. Co. bonds, 10,000 00 12,500 00 

Dayton & Michigan 1 J. R. Co. bonds, . . 25,000 00 27,500 00 

Fitchburg R.R. Co. bonds, .... 50,000 00 55,000 00 

Harlem River & Port Chester R.R. Co. bonds, 40,000 00 42,000 00 

Illinois Central R.R. Co. bonds, . . . 25,000 00 25,000 00 

Lehigh Valley R'y Co. bonds, .... 25,000 00 27,000 00 

Lynn & Boston R'y Co. bonds, . . . . 10,000 00 11,000 00 

Minneapolis & St. Louis R.R. Co. bonds, . 50,000 00 50,000 00 

Norfolk & Western R.R. Co. bonds, . . 25,000 00 25,000 00 

North Chicago Street R.R. Co. bonds, . . 10,000 00 10,500 (0 



174 



CONNECTICUT FIRE INSURANCE CO. 



N. Y. Cent & Hudson River R.R. Co. bonds, 
N. Y., Lackawanna & West. R.R. Co. bonds, 
N. Y., N. H. & H. R.R. Co. debenture c'tfs, 
Penn. & N. Y. Canal & R.R. Co. bonds, . 
Port Reading R.R. Co. bonds, . 
Rutland Canadian R.R. Co. bonds, . 
Southern Pacific R.R. Co. bonds, 
St. Louis & San Francisco R.R. Co. bonds, 
St. Louis Southern R.R. Co. bonds, . 
Toledo & Ohio Central R.R. Co. bonds, . 
Utica, Clinton & Binghaniton R.R. Co. bonds 
W. Chicago St. R.R. Co. bonds, 
W. Chicago St. R.R. Tunnel Co. bonds, . 
Adams Express Co. bonds, 
Chicago Edison Co. bonds, 
Hartford Electric Light Co. bonds, . 
Minneapolis Gas Light Co. bonds, . 
New York Dock Co. bonds, 
People's Gas Light & Coke Co., Chic, bonds, 
Swift Co., Chicago, bonds, 
Northwestern Telegraph Co. bonds, 
Western Union Telegraph Co. bonds, 
Traders' Safe & Trust Co., Chicago, bonds, 
150 shares Bald Eagle Valley R.R. Co., . 
150 " Chicago & Northwestern R.R. Co 
172 " N. Y. Cent. & Hud. River R.R. Co 
300 " Pitts., Ft. Wayne & Chic. R.R. Co 
200 " Empire & B. S. Telegraph Co., 
600 " Northwestern Telegraph Co., 
412 " New York Dock Co., 
167 " First National Bank, Minneapolis, 
100 " Imp. & Traders' Nat'l Bank, N. Y, 

11 " Second Nat'l Bank, New Haven, 
100 " JEtna National Bank, Hartford, 

93 " Charter Oak National Bank, Hart. 
125 " Farm. & Mech. Nat'l Bank, Hart., 
185 " First National Bank, Hartford, 
300 " Hartford National Bank, Hartford 
412 " National Exchange Bank, Hart , 
150 " Phoenix National Bank, Hart., 

45 " Conn. Trust & S. D. Co., Hart., 



Par Value. 

|50,000 00 

40,000 00 
86,500 00 
25,000 00 
10,000 00 
25,000 00 
40,000 00 
25,0C0 00 
25,000 00 
15,000 00 
10,000 00 
10,000 00 
10,000 00 
25,000 00 
25,000 00 
10,000 00 
25,000 00 
41,000 00 
25,000 00 
25,000 00 
15,000 00 
50,000 00 
10,000 00 

7,500 00 
15,000 00 
17,200 00 
30,000 00 
20,000 00 
30,000 00 
41,200 00 
16,700 00 
10,000 00 

1,100 00 
10,000 00 

9,300 00 
12,500 00 
18,500 00 
30,000 00 
20,600 00 
15,000 00 

4,500 00 



Market Value. 

151,260 00 

42,000 00 
151,000 00 
27,000 00 
10,800 00 
25,000 00 
42,000 00 
25,000 00 
26,250 00 
16,500 00 
12,400 00 
10,500 00 
10,100 00 
26,000 CO 
26,750 00 
10,500 00 
25,000 00 
38,540 00 
26,250 00 
25,500 00 
15,900 00 
53,000 00 
10,000 00 
15,000 00 
30,000 00 
27,520 00 
57,000 00 
16,000 00 
36,000 00 
17,716 00 
21,710 00 
60,000 00 

2,035 00 
18,500 00 

8,370 00 
15,000 00 
22,200 00 
39,000 00 
25,544 00 
18,000 00 

8,325 00 



£2,018,600 00 £2,297,840 00 

Summary of Assets Dec. 31, 1901. 
Cash value of unencumbered real estate, . §217,000 00 
Loans on mortgage of real estate (first liens *), 1,193,750 00 

* Value of lands mortgaged $1,550,075 00 

Value of buildings thereon, 1,832,275 00 

Amount of insurance held as collateral, .... 1,293,50000 



CONNECTICUT FIRE INSURANCE CO. 



175 



Stocks, bonds, etc., as per schedule, . . $2,297,840 00 

Cash in the office of the company, . . . 443 0? 

dash deposited in bank, 392,159 74 

Premiums in course of collection (gross), . 342,955 10 
Prem's more than three mos. due, $2,084 00 

Gross assets, 

Deduct special deposits in other States, 



1,444,147 91 

168,390 00 



Balance, $4,275,757 91 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, 



|97,865 54 

149,613 51 

35,955 32 

|283,434 37 
21,644 91 

$261,789 46 

2,031,144 70 

9,575 49 

70,654 69 

40,485 89 

19,690 54 

^2,433,340 77 
87,686 00 



2,345,654 77 

11,930,103 14 

1,000,000 00 



Surplus over capital, $930,103 14 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents 



Gross cash income, 



$323,059 40 
2,813,097 85 

$3,136,157 25 
345,039 10 

$2,791,118 15 
413,981 48 



sources, 



$2,377,136 67 

59,206 50 

97,279 16 

5,502 -65 



. $2,539,124 98 



176 



CONTINENTAL INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for lire losses, . . . . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



§1,496,205 95 
133,479 54 



Gross cash expenditures, 



$1,362,726 41 
100,000 00 
499,920 84 
174,028 34 
72,878 46 
172,195 90 

£2,381,749 95 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

6311,400,037 00 83,603,911 34 
228,707,070 CO 2,813,<<97 85 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



6540,107,107 00 £6,417,009 19 
193,473,344 00 2,345,202 52 



£346,633,763 00 64,071,806 67 
18,242,493 00 232,536 02 



6328,391,270 00 63,839,270 65 



Miscellaneous. 

Premiums received from re-organization of company, . 
Losses paid from re-organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from re-organization of company. 
Dividends declared during the year (10 per cent ), 
Company's stock owned by directors, .... 



631,511,181 00 

17,846,630 00 

1,435,435 00 

3,605,000 00 

100,000 00 

27,400 00 



"CONTINENTAL INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated November, 1852. Commenced business January, 1S53.J 

Paid-up Capital, $1,000,000. 

F. C. MOORE, President. EDWARD LANNING, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, § 200,000 00 £200,000 00 

New York City bonds, 600,000 00 600,000 00 

Chicago & Northwestern sinking fund bonds, 41,000 00 41,000 00 

Chicago & Alton Railway Co. bonds, . . 20,000 00 15,000 00 

Columbia & Greenville R R. bonds, . . 50,000 00 50,000 00 

Elmira, Cortland & Northern R.R. bonds, . 50,000 00 50,000 00 

Erie Railway Co. bonds, 100,000 00 100,000 00 

Georgia State bonds, 25,000 00 25,000 



CONTINENTAL INSURANCE CO. 



177 



Par Value. Market Value. 

Kentucky Central Railway Co. bonds, . . §50,000 00 $45,000 00 

Louisville & Nashville R.R. bonds, . . . 50,000 00 50,000 00 

Metropolitan Street Railway Co. bonds, . . 100,000 00 100,000 00 

New Mexico bonds, 10,000 00 10,000 00 

N. Y. Gas & Elec. L., EL & P. Co. bonds, . 100,000 00 90,000 00 

N. Y., New Haven & Hartford R R. bonds, . 20,000 00 30,000 00 

Panama Railroad Co. bonds, .... 89,000 00 89,000 00 

Portland, Ore., water bonds, .... 50,000 00 50,000 00 

Richmond, Va., bonds, 50,000 00 50,000 00 

Western Union Telegraph Co. bonds, . . 150,000 00 150,000 00 

250 shares American Exchange Nat'l Bank, 25,000 00 43,750 00 

50 " Bank of America, . . . 5,000 00 20,000 00 

1,200 " Mechanics' National Bank,. . 30,000 00 52,500 00 

250 " Mercantile National Bank, . . 25,000 00 43,750 00 

350 " Merchants' National Bank, . 17,500 00 26,250 00 

1,000 " Consolidated Gas Co., . . 100,000 00 200,000 00 

200 " Central Trust Co., ... 20,000 00 200,000 00 

100 " Albany & Sus. R R. Co., . . 10,000 00 17,500 00 

1,000 " Atlanta & Charlotte Air L'e R.R. , 100,000 00 120,000 00 

625 " American Tel. & Telegraph Co., 62,500 00 93,750 00 

1,000 " Baltimore & Ohio R.R. Co., . 100,000 00 85,000 00 

200 " Buffalo, Roch. & Pitts. R'y, . 20,000 00 24,000 00 

20,000 " Brooklyn City R.R. Co., . . 200,000 00 450,000 00 

1,000 " Chic. & Eastern 111. R.R. Co., . 100,000 00 110,000 00 

3,000 " Chic, Mil. & St. Paul R'y, . . 300,000 00 470,000 00 

2,500 " Chicago & Northwestern R'y, . 250,000 00 475,000 00 

1,000 " Chic , St. P., M. & Oma. R'y Co., 100,000 00 160,000 00 

2,500 " Chicago & Alton Railway Co., . 250,000 00 187,500 00 

1,000 " CI., Cin., Chic. & St. L. R'y Co, . 100,000 00 100,000 00 

500 " Chicago Great -Western R'y Co, 50,000 00 42,500 00 

500 " Cin, Hamilton & Dayton R'y Co, 50,000 00 50,000 00 

500 " Delaware & Hudson Canal Co, . 50,000 00 75,000 00 

3,200 " Great Northern Railway Co, . 320,000 00 528,000 00 

2,000 " Lake Shore & M. South. R'y Co, 200,000 00 400,000 00 

500 " Mahoning Coal R.R. Co, . . 25,000 00 50,000 00 

600 " Missouri Pacific R'y Co, . . 60,000 00 60,000 00 

1,000 " N. Y, Chic. & St. L. R.R. Co, . 100,000 00 85,000 00 

4,408 " N. Y. & Harlem R.R. Co, . . 220,400 00 837,520 00 

1,000 " N. Y, N. Hay. & Hart. R.R. Co, 100,000 00 200,000 00 

7,500 " Pennsylvania R.R. Co, . . 375,000 00 468,750 00 

5,000 " Pitts, McKees.&Youg R.R. Co, 250,000 00 275,000 00 

750 " Pitts, Ft. W. & Chic. R'y Co, . 75,000 00 131,250 00 

1,000 " Pitts, Cin, Chic. & St. L. R'y Co, 100,000 00 100,000 00 

1,000 " Rome, Watert'n & Og. R.R. Co, 100,000 00 120,000 00 

500 " Second Avenue R.R. Co, . . 50,000 00 95,000 00 

2,000 " United N. J. R.R. & Canal Co, . 200,000 00 500,000 CO 

2,000 " Southern R'y Co, . . 200,000 00 1 60,000 00 

16,095,400 00 f 8,802,020 00 



178 



CONTINENTAL INSURANCE CO. 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens f) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Pre m's more than three mos. due, £439,258 77 

Gross assets, % 

Deduct special deposits in other States, . 

Balance, 



31, 1901.* 

$1,106,250 00 

50,910 00 

911 33 

8,802,020 00 

4,316 84 

825,733 82 

73,175 57 

734,136 11 

1,558 64 



-811,599,011 81 
120,000 00 

si 1,479,011 81 



Liabilities. 
Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, . 



$384,385 12 
42,344 00 

$426,729 12 
19,259 71 

$407,469 41 

4,806,903 60 

28,335 00 

6,089 34 

75 00 

15,000 00 

422,311 34 

11,500 00 

1,238 83 

65,698,922 52 
83,395 75 



5,615,526 77 

15,863,485 04 
1,000,000 00 

S4,863,4> 



* The company holds also instalment premium notes to the amount of 81." vhich 

do not enter into or form any part of the assets of the company, as no portion of them is 
earned. Whatever value is attached to them would necessarily be counterbalanced by the 
addition of an amount exactly equal to the insurance liability, the entire sum cl 
" uuearned premiums." 

f Value of lands mortgaged 859,050 00 

Value of buildings thereon, 

Amount of insurance held as collateral, .... 71,^0000 

X Including $600,000 special reserve held under New York laws. 



CONTINENTAL INSURANCE CO. 



179 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, .... 

Expenditures 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for redemption of scrip, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, . 



$1,098,892 48 
5,793,536 75 

$6,892,429 23 
1,173,394 88 

$5,719,034 35 
797,149 42 



sources, 



$4,921,884 93 

2,330 17 

376,674 42 

19,733 47 



. $5,320,622 99 



},898,015 78 
249,161 95 



$2,648,853 83 
249,925 00 
145 00 
1,030,748 19 
356,332 08 
132,033 92 
304,484 44 

$4,722,522 46 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$902,460,369 00 $8,471,143 80 
.611,682,411 00 5,793,536 75 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$1,514,142,780 00$ 14,264,680 55 
.565,676,911 00 4,909,408 28 



$948,465,869 00 $9,355,272 27 
. 23,970,326 00 274,062 17 



$924,495,543 00 $9,081,210 10 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the vear, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (25 per cent.), 
Company's stock owned by directors, .... 



$*o,749,775 00 

46,980,923 00 

2,684,656 00 

6,894,357 00 

250,000 00 

159,400 00 



180 



THE DELAWARE INSURANCE CO. 



"THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA/' 

PHILADELPHIA, PA. 

[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.] 

Paid-up Capital, $702,875. 

TATTNALL PAULDING, President. HENRY LYLBURN, Secretary. 



Detailed Statement of Stocks, 



Tennessee State bonds, .... 

Georgia State bonds, .... 

Richmond, Va., city bonds, , . 

Newark, N. J., city bonds, 

Camden, N. J., city bonds, 

Allentown Terminal R 1 y Co. bonds, 

Lehigh Valley R'y bonds, 

Penn. & N. Y. Canal and R.R. Co. bonds, 

Delano Land Co. bonds, . 

Mortgage Trust Co., Penn., bonds, . 

Wilmington & Northern R.R. bonds, 

St. Louis Merchants' Bridge Term. Co. bonds 

Phila., Wilm. & Bait. R.R. certificates, 

Pitts., Youngstown & Ashtabula R.R. bonds, 

People's Passenger R'y Co. bonds, . 

Pittsburgh, Shenango & Lake Erie R.R. bonds 

United Traction Co. (Pittsburgh) bonds, 

Lynn & Boston R.R. Co. bonds, 

Allegheny Valley R.R. Co. bonds, 

Johnson Steel Co. bonds, . 

Westinghouse Electric & Mfg. Co. bonds 

Connecticut R.R. & Lighting Co. bonds, 

Reading R.R. Co. bonds, . 

New York Dock Co. bonds, 

Pennsylvania R.R. Co. stock, 

Reading R.R. Co. stock, . 

New York Dock Co. stock, 

Philadelphia Bourse stock, 

Underwriters' Salvage Co. stock, 



Securities held as collateral for cash loans 

300 shares Pennsylvania R.R. Co., . 
200 " United Gas Improvement Co., 
600 " Pittsburg Consol. Traction Co., 
100 " Lehigh Valley R.R. Co., . 



Bonds, etc 

Par Value. 

f 3 1,300 00 
25,000 00 
37,000 00 
75,000 00 
30,000 00 
50,000 00 

125,000 00 
50,000 00 
30,000 00 
15,000 00 
25,000 00 
25,000 00 
30,000 00 
40,000 00 
30,000 00 
25,000 00 
20,000 00 
20,000 00 
50,000 00 
17,000 00 
20,000 00 
25,000 00 
40,000 00 
11,000 00 
27,500 00 
35,000 00 
11,000 00 
1,375 00 
500 00 



Market Value. 

§29,735 00 
26,500 00 
39,960 00 
77,250 00 
32,400 00 
51,250 00 
133,250 00 
47,500 00 
31,500 00 
12,750 00 
27,000 00 
28,250 00 
32,700 00 
48,000 00 
31,900 00 
30,000 00 
23,400 00 
22,600 00 
54,500 00 
17,850 00 
21,000 00 
25,500 00 
38,000 00 
10,120 00 
41,250 00 
28,700 00 
4,730 00 
155 00 
500 00 



§921,675 00 $968,250 00 

Market Value. Loaned Thereon. 

$ 22,500 00 >| 
23,300 00 ! fi 50 qoo 
13,800 00 j 
3,700 00 J 



863,300 00 650,000 00 



THE DELAWARE INSURANCE CO. 



181 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 

Gross assets, 

Deduct special deposits in other States, . 



Balance, 



31, 1901. 

$200,500 00 

127,700 00 

1,795 42 

968,250 00 

50,000 00 

490 14 

68,515 75 

150,733 47 

608 34 

2,692 65 



$1,571,285 77 
10,600 00 

$1,560,685 77 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$700 00 

65,575 00 

1,000 00 

$67,275 00 
8,655 00 

$58,620 00 

600,918 63 

113,902 79 

77 00 

28,010 24 



799,528 66 

$761,157 11 

702,875 00 

$58,282 11 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



$161,036 82 

890,980 44 

1,052,017 26 

150,733 47 

$901,283 79 

219,912 71 



$681,371 08 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$213,000 00 

10^,000 00 

96,000 00 



182 



THE DELAWARE INSURANCE CO. 



Interest received on mortgages, .... 
Interest and dividends received from all other sources, 

Income from rents, 

from premiums on perpetual fire risks, 
from miscellaneous, 



$6,297 50 

41,072 35 

1,635 00 

6,253 56 

1,586 79 



Gross cash income, $738,216 28 



Expenditures. 

Cash paid for fire losses, $445,630 90 

Deduct reinsurance, 53,699 86 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$391,931 04 
21,086 25 
170,760 67 
62,575 46 
25,967 71 
55,361 32 

$727,682 45 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . $ 131,181,914 00 $1,390,813 75 



Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



80,008,696 00 890,980 44 



8211,190,610 00 §2,281,794 19 
86,470,435 00 939,480 80 



$124,720,175 00 $1,342,313 39 
13,112,519 00 178,516 76 



$111,607,656 00 $1,163,796 63 



Perpetual risks in force (not incl'd above), . $4,391,258 00 $126,558 65 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (3 per cent.), . 
Company's stock owned by directors, . . . . 



634,779,827 00 

. 20,666,495 00 

389,242 00 

. 2,761,021 00 

21,086 00 

61,925 00 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



183 



"THE DETROIT FIRE AND MARINE INSURANCE COMPANY," 

DETROIT, MICH. 

[Incorporated Feb. 1, 1866. Commenced business March 14, 1866.] 

Paid-up Capital, $500,000. 

WILLIAM A. MOORE, President. A. H. McDONELL, Secretary. 



Detailed Statement of Bonds. 

Par Value. 

United States bonds, $115,000 00 

Pioneer Steamship Co. bonds, .... 10,000 00 

American Steamship Co. bonds, . . . 10,000 00 

Yosemite Steamship Co. bonds, . . . 10,000 00 

School District, Springwells, Mich., bonds, . 6,000 00 



Market Value. 

$124,775 00 

10,025 00 

10,025 00 

10,025 00 

6,000 00 



Securities held as collateral for cash loans : - 

Mortgage assigned, 

2 shares People's Savings Bank stock, . 
100 " Detroit National Bank stock, . 

Excess of loan, 

Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Bonds, as per schedule, .... 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire, marine and inland risks. 
Advances on losses on vessels and cargoes, 
Prem's more than three mos. due, $2,186 96 
Gross assets, 



$151,000 00 $160,850 00 



Market Value. 

$2,000 00 

2,400 00 

14,000 00 

$18,400 00 



31, 1901. 

8331,270 57 

784,795 48 

18,585 69 

160,850 00 

10,200 00 

9,265 36 

50,126 47 

3,887 35 

51,832 39 

693 32 

1,658 00 



Loaned Thereon. 

$800 00 

2,629 50 

7,000 00 

$10,429 50 

229 50 

810,200 00 



$1,423,164 63 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 



$1,326 06 

36,111 22 

4,039 18 



* Value of lands mortgaged, $997,828 00 

Value of buildings thereon 934,460 00 

Amount of insurance held as collateral, .... 620,01300 



184 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



8213,737 47 
7,338 20 
6,133 41 



8268,683 54 

81,154,481 09 
500,000 00 

$654,481 09 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1900, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Profit on sale of real estate, 

Gross cash income, .... 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 
Cash paid for marine and inland losses, . 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for premium on bonds, . 
Loss on sale of real estate, 
Cash paid for incidentals, 



Gross cash expenditures, 



$44,067 44 
321,731 85 

$365,799 29 
52,007 83 

§313,791 46 
63,192 29 

$4,213 74 
75,892 09 

$80,105 83 
4,568 40 

$75,537 43 
12,303 91 



sources, 



$144,345 72 
20,010 81 

$51,035 40 
14,278 19 



$250,599 17 



63,233 52 

47,269 02 

12,291 12 

3,113 91 

544 70 

$377,051 44 



$124,334 91 



36,757 21 
50,000 00 
42,718 36 
24,085 42 
18,668 87 
1,312 10 
3,905 96 
21,500 64 

8323,283 47 



DUTCHESS INSURANCE CO. 



185 



Fire risks outstanding Dec. 31,. 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

.$31,214,133 00 $309,469 66 
. 31,403,566 00 321,731 85 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



>,617,699 00 $631,201 51 
. 26,140,951 00 259,723 07 



. $36,476,748 00 $371,478 44 

. $623,525 00 $37,084 73 
. 6,609,735 00 75,892 09 



. $7,233,260 00 $112,976 82 
. 6,416,443 00 72,645 49 



$816,817 00 $40,331 33 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$7,861,708 00 

4,031,395 00 

136,956 00 

44,697 00 

1,066,000 00 

50,000 00 

106,550 00 



"DUTCHESS INSURANCE COMPANY," POUGHKEEPSIE, N. Y. 

[Incorporated April 12, 1836. Commenced business April 12, 1836.] 

Paid-up Capital, $200,000. 

L. H. VAIL, President. J. J. GRAHAM, Secretary. 

Detailed Statement of Stocks and Bonds. 

ParValne. Market Value. 

New York city bonds, $78,000 00 $82,250 00 

Buffalo city bonds, 20,000 00 21,400 00 

Poughkeepsie city bonds, 53,500 00 53,500 00 

Long Island city bonds, 5,000 00 5,800 00 

Lake Erie & Western R.R. Co. bonds, . . 10,000 00 11,850 00 

Chicago & E. Illinois Railroad Co. bonds, . 10,000 00 12,200 00 

Kanawha & Michigan R'y Co. bonds, . . 5,000 00 4,925 00 

Iowa Central Railway Co. bonds, . . . 10,000 00 11,625 00 

Leavenworth Ter. R'y & Bridge Co. bonds, . 5,000 00 5,300 00 

Central of Georgia Railway Co. bonds, . . 12,000 00 12,825 00 

Brooklyn Union Gas Co bonds, . . . 5,000 00 5,850 00 

United Traction & Electric Co. bonds, . 5,000 00 5,675 00 

Read. Co. & Phil. & Read. C'l & I'n Co. bonds, 10,000 00 10,050 00 



186 



DUTCHESS INSURANCE CO. 



Par Value. Market Value. 

St. Louis, Iron Mt & Southern R'y bonds, . §10,000 00 f 11,725 00 

Poughkeepsie Elec. Light & Power Co. bonds, 10,000 00 10,600 00 

Chicago Gas Light & Coke Co. bonds, . . 10,000 00 11,050 00 

Southern Pacific Company bonds, . . . 10,000 00 9,350 00 

60 shares Far. & MTt's Nat'l Bank, Pough., . 6,000 00 10,500 00 

100 " Chicago & Northwestern fry Co. . 10,000 00 20,700 00 

100 " Union Pacific R.R. Co., . . . 10,000 00 9,000 00 

200 " Consolidated Gas Co., . . . 20,000 00 43,850 00 

100 " CI., Cin., Chic. & St. Louis R'y Co., 10,000 00 9,825 00 

200 " Louisville & Nashville R.R. Co., . 20,000 00 21,400 00 

100 " American Telegraph & Cable Co., . 10,000 00 9,600 00 

330 " N. Y. Central & Hudson Riv. R.R., 33,000 00 55,275 00 

10 " Mer. Nat'l Bank, Poughkeepsie, . 1,000 00 1,500 00 

5 " Fallkill Nat'l Bank, Poughkeepsie, 500 00 750 00 



8389,000 00 3468,375 00 
Securities held as collateral for cash loans : — 

Market Value. Loaned Thereon. 

10 shares Far. & Manuf rs' N'l B'k, (Pough), $1,750 00 $1,000 00 

Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, . 
Cash in the office of the company, . 

Cash deposited in bank, 

Interest due and accrued, 

Premiums in course of collection (gross), 

Rents due and accrued, 

Prem's more than three mos. due, §1,344 20 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 



820,950 00 

44,200 00 

365 89 

468,375 00 

1,000 00 

3,462 14 

56,196 67 

1,972 46 

51,657 13 

570 00 



$7,857 43 

33,192 73 

500 00 

$41,550 16 
994 37 



),555 79 
306,800 48 
10,116 69 



$648,749 29 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$54,lo0 00 
49,500 00 
37,S50 00 



DUTCHESS INSURANCE CO. 



187 



Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, 

Income 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Profit and loss, 



$11,800 07 
48 45 



Gross cash income, 

Expenditures. 

Cash paid for fire losses, $214,999 19 

Deduct salvage and reinsurance, . . . 8,523 27 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for profit and loss account, 

for incidentals, . 

Gross cash expenditures, . 

Risks and Premiums. 



f29,927 05 
43 17 

$29,883 88 
463,683 68 

$493,567 56 
53,001 33 

$440,566 23 
63,080 36 



sources, 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$47,197,151 00 
41,817,962 00 

$89,015,113 00 
30,241,541 00 

$58,773,572 00 
1,835,933 00 



$369,321 48 

$279,427 81 

200,000 00 

$79,427 81 



$377,485 87 

3,245 86 

16,34* 53 

1,214 00 

967 76 

$399,262 02 



$206,475 92 
12,000 00 
94,694 99 
17,818 71 
5,544 18 
199 51 
16,196 43 

$352,929 74 



Premiums. 

$472,755 75 
463,683 68 

$936,439 43 
328,824 65 

$607,614 78 
21,128 07 



$56,937,639 00 $586,4m'» 71 



188 



EMPIRE CITY FIRE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . 



$5,449,038 00 

3,638,599 00 

226,228 00 

12,000 00 

12,000 00 

74,100 00 



"EMPIRE CITY FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated October, 1850. Commenced business October 5, 1850.] 

Paid-up Capital, $200,000. 

LINDLEY MURRAY, Jr., President. DAVID J. BURTIS, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $200,000 00 

Now York city bonds, 40,000 00 

Lake Shore & Michigan Southern R'y bonds, . 10,000 00 

American Exchange National Bank stock, . 5,000 00 

Underwriters' Salvage Co. stock, . . . 500 00 



Market Value. 

$218,000 00 
40,400 00 
10,850 00 
14,500 00 



$255,500 00 £283,750 00 



Summary of Assets Dec. 31, 1901. 



Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 



85,500 00 

137 50 

283,750 00 

350 92 

27,827 05 

375 12 

3,105 00 



$321,045 59 



Liabilities. 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Return premiums and reinsurance, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, $27,203 32 



? 19,449 00 

71,999 66 

"2,393 61 



93,842 27 

$227,203 32 

200,000 00 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



85,000 00 

10,000 00 

5,000 00 



EMPIRE CITY FIRE INSURANCE CO. 



189 



Income. 

Fire premiums outstanding Dec. 31, 1900, . $2,474 21 

Premiums on risks written or renewed, . . 209,503 64 

Total, $211,977 85 

Premiums now in course of collection, . . 3,105 00 

Entire premiums collected, .... $208,872 85 
Less reinsurance and return premiums, . . 46,964 18 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 



$161,908 67 

275 00 

7,858 40 



$170,042 07 



Expenditures. 

Cash paid for fire losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$102,124 45 

59,305 50 

10,970 00 

1,753 58 

7,320 07 

$181,473 60 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . . $15,626,894 00 $167,436 95 
Fire risks written during 1901, . . . 18,505,958 00 209,503 64 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $34,132,852 00 $376,940 59 
. 17,367,822 00 180,925 66 



. $16,765,030 00 $196,014 93 
. 4,533,402 00 52,015 61 



. $12,231,628 00 $143,999 32 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, . 



$4,007,897 00 

1,883,873 00 

104,854 00 

927,000 00 

71.300 00 



190 



ENTERPRISE MUTUAL FIRE INSURANCE CO. 



"ENTERPRISE MUTUAL FIRE INSURANCE COMPANY. 
PROVIDENCE, R. I. 

[Incorporated June 2, 1874. Commenced business July 14, 1874.] 
THOMAS J. BORDEN, President. THEODORE P. BOGERT, Secretary. 



Detailed Statement of Stocks, 



Rhode Island State bonds, 

Providence city bonds, .... 

Boston city bonds, 

117 shares Providence & Worcester R.R., 
127 

63 
130 ' 
100 ■ 

40 ' 
100 ' 



Old Colony R.R 

N. Y., N. H. & Hartford R.R., 
Morris & Essex R.R., 
Cleveland & Pittsburgh R.R., 
Illinois Central R.R., 
Chicago, Great Western R.R., 



Town of Barrington notes, 



Bonds, etc. 

Par Value. 

£48,000 00 

15,000 00 

20,000 00 

11,700 00 

12,700 00 

6,300 00 

6,500 00 

5,000 00 

4,000 00 

10,000 00 

6,000 00 



Market Va.ue. 

848,480 00 

17,175 00 

21,200 00 

35,100 00 

26,543 00 

13,293 00 

12,675 00 

9,700 00 

4,220 00 

9,100 00 

6,000 00 



8145,200 00 8203,486 00 



Summary of Assets Dec. 31, 1901. 



Stocks, bonds, etc., as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 

State taxes, 

Gross liabilities, .... 



Net cash assets, 



§203,486 00 

17,057 69 

2,070 75 

4,088 32 



$109 00 

83,060 41 

2,575 60 



$226,702 76 



85,745 01 
$140,957 75 



Income. 

Premiums outstanding Dec. 31, 1900, . . f 1,837 8S 

Premiums on risks written or renewed, . . 175,353 52 

Total, 8177,191 40 

Premiums now in course of collection, . . 4,088 32 

Entire premiums collected, .... §173,103 08 

Less reinsurance and return premiums, . . 8,008 71 

Net cash premiums received, .... 

Interest and dividends received from all sources, . 



8165,094 37 
7,931 59 



Gross cash income, $173,025 96 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



191 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1900, $19,893,778 00 $161,760 21 
Risks written during 1901, . 21,720,849 00 175,058 02 



Total, f41,614,627 00 $336,818 23 

Risks terminated during 1901, 21,338,368 00 170,697 41 



$21,493 94 

142,252 18 

4,386 87 

3,714 56 

3,988 52 

$175,836 07 



Conting't Prem's. 

$808,801 05 
875,290 10 

$1,684,091 15 
853,487 05 



In force at end of year, 



,276,259 00 $166,120 82 $830,604 10 



Miscellaneous. 

Losses incurred during the } T ear, .... 
Profits or surplus returned during 1901, 87.75 per cent. 



$21,603 00 



"EQUITABLE FIRE AND MARINE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated May, 1859. Commenced business September, I860.] 

Paid-up Capital, $400,000. 

FRED. W. ARNOLD, President. JAMES E. TILLINGHAST, Secretary. 

Detailed Statement of Stocks and Bonds. 

I'ar Value. Market Value. 

City of Boston bonds, $25,000 00 $28,000 00 

Milwaukee City R.R, Co. bonds, . . . 5,000 00 5,370 00 

N. Y. Central & Hudson River R R. bonds, . 12,000 00 11,520 00 

Lehigh Valley Terminal Co. bonds, . . . 10,000 00 11,975 00 

Chicago, Burlington & Quincy R.R. bonds, . 3,000 00 3,105 00 

Bridgeport Traction Co. bonds, . . . 5,000 00 5,537 50 

United Traction & Electric Co. bonds, . . 5,000 00 5,782 00 

Lynn & Boston R R. Co. bonds, . . . 5,000 00 5,707 50 

Columbus, Ohio, Street R.R. Co. bonds, . . 5,000 00 5,600 00 

Milwaukee Electric R'y & Light Co. bonds, . 20,000 00 22,516 00 

Pawtucket Electric Co. bonds, . . . . 10.000 00 10,H41 00 

Western Gas Co. bonds, 10,000 00 10,858 00 

Metrop'tan Water Works Co., Kan. City, b'ds, 7,000 00 4,060 00 

Rhode Island & Suburban R 1 y Co. bonds, . 10,000 00 9,700 00 

Grand Rapids Gas Light Co. bonds, . . 5,000 00 5,354 00 

State of Massachusetts bonds, .... 66,000 00 65,505 00 

Cincinnati Edison Electric Co. bonds, . . 5,000 00 5,270 00 



192 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



Detroit Electric Railway Co. bonds, 
North Chicago Street R.R. Co. bonds, 
Nor. Pac. Gt. Nor. R.R. Co , C, B. & Q. bonds 
500 shares Old National Bank, Providence, 
290 '* Nat'l Bank of Commerce, Prov., 
200 " American National Bank, Prov., 
100 " Fourth National Bank, Providence 
100 " First National Bank, Warren, 
500 " Providence Gas Co., Providence, 
230 " N. Y. Cent. & Hudson R. R.R. Co. 
264 " Illinois Central R.R. Co., 
132 " Chicago, Rock Isl. & Pac. R.R. Co. 

50 " Rhode Island & Mass. R.R. Co., 
100 " Chicago Great Western R.R. Co., 

50 " Wells, Fargo & Co. Express, . 



Par Value. 

|5,000 00 
5,000 00 
30,000 00 
50,000 00 
14,500 00 
10,000 00 
10,000 00 
10,000 00 
25,000 00 
23,000 00 
26,400 00 
13,200 00 
5,000 00 
10,000 00 
5,U00 00 



Market Value. 

15 

5,331 00 

29,625 00 

48,000 00 

15,080 00 

9,600 00 

11,800 CO 

8,700 00 

49,250 00 

38,755 00 

36,762 00 

20,328 00 

5,100 00 

9,600 00 

9,950 00 



'.',100 00 3520,027 00 



Securities held as collateral for cash loans : — 

Rhode Island & Suburban R'y bonds, 
100 shares United Traction & Electric Co., 
500 " Nat'l Bank of North America, 



Market Value. Loaned Thereon. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, f 1,095 54 
Gross assets,f 

Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 

Bills payable, 

State and local taxes, .... 



§48,500 00 > 
11,000 00 S 


',000 00 


23,500 00 


20,000 00 


$83,000 00 


870,000 00 


D. 31, 1901. 




. §124,000 00 




134,550 00 




520,027 00 




70,000 00 




190 83 




44,938 09 




101,792 27 




1,145 00 
i 




T 


$996,643 19 




88,574 00 




41,181 00 




5,951 00 




403,947 12 




1,500 00 




3,024 56 




2,500 00 





* Value of lands mortgaged $153,850 00 

Value of buildings thereon, 251,400 00 

Amount of insurance held as collateral, .... - 20S,750 00 

t Including $70,000 special reserve held under Rhode Island laws. 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



193 



Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, . 



(10,065 31 
3,000 00 
3,036 58 



$482,779 57 

$513,863 62 
400,000 00 

$113,863 62 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1900, 

Premiums on risks written or renewed, . 



Total, . 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



t,970 57 
674,611 78 

$759,582 35 
99,030 78 

$660,551 57 
108,152 23 

$1,858 54 
18,595 05 

$20,453 59 
2,761 49 

$17,692 10 
948 00 



sources, 



$552,399 34 



16,744 10 
7,111 18 

21,588 08 
5,747 83 

$603,590 53 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$344,300 17 
30,066 46 

$5,715 14 
127 84 



$314,233 71 



5,587 30 
28,000 00 
123,238 88 
39,380 64 
20,070 69 
36,790 72 

$567,301 94 



194 



THE FARMERS' FIRE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $59,442,953 00 
. 56,414,107 00 

$115,857,060 00 
. 46,568,726 00 

. $69,288,334 00 
. 3,040,495 00 



Premiums. 

$659,902 55 
674,611 78 

$1,334,514 S3 
542,749 58 

$791,764 75 
33,168 61 



.$66,247,839 00 $758,596 14 



$106,693 00 
1,174,218 00 

$1,280,911 00 
1,127,200 00 

$153,711 00 
3,000 00 



$5,864 78 
18,595 05 

$24,459 83 
13,823 07 

$10,636 76 
75 00 



$150,711 00 $10,561 76 



Miscellaneous. 

Premiums received from organization of company, . . $7,556,592 00 

Losses paid from organization of company, .... 4,640,955 00 

Fire losses incurred during the year, 323,980 00 

Marine and inland losses incurred during the year, . . 9,812 00 

Cash dividends declared from organization of company, . 697,500 00 

Dividends declared during the year (7 per cent ), . . . 28,000 00 

Company's stock owned by directors, 84,000 00 



« THE FARMERS' FIRE INSURANCE COMPANY," YORK, PA. 

[Incorporated April 6, 1S53. Commenced business May 16, 1853.] 
WM. H. MILLER, President. E. K. McCONKEY, Secretanj. 



Detailed Statement of Stocks 



N. C. Railway bonds, 
Pennsylvania R.R. bonds, . . 
Philadelphia & Erie R R. bond 
Shamokin, Sunbury & Lewisbi 
Lehigh Valley R.R. bonds, 
Potomac Valley R R. bonds, 
Lehigh Valley Coal bonds, 
Spring Garden school bonds, 
Central Market House bonds, 
York Felt Paper Co. bonds, 
United States bonds, 



re: R.R- bonds 



and Bonds. 

Par Value. 

|8,000 00 
20,000 00 
15,000 00 
10,000 00 
25,000 00 
10,000 00 
10,000 00 
11,500 00 
10,000 00 
5,000 00 
30,000 00 



Market Value. 

89,040 00 

24,400 00 

18,150 00 

10,600 00 

26,500 00 

11,500 00 

11,000 00 

11,500 00 

10,000 00 

5,000 00 

33,600 00 



THE FARMERS' FIRE INSURANCE CO. 



195 



12 shares Farmers' Nat'l Bank, York, Pa , 

50 " York Co. Nat'l Bank, York, Pa., 

90 " First National Bank, York, Pa., 

615 " York National Bank, York, Pa., 

300 " Pennsylvania R.R. Co., 

4,382 " York Water Co., . 

160 " York Gas Co. bonds, . 



Securities held as collateral for cash loans : 



131 shares First Nat'l Bank (York, Pa.), 
Ill " York Water Co., . 
20 " York Trust Co., 
286 " York National Bank, 

5 " Columbia National Bank, 
Cornwall & Lebanon R.R. bonds, . 
Real estate mortgage, 



Par Value. 

$ 1,200 00 

1,000 00 

9,000 00 

15,375 00 

15,000 00 

109,550 00 

8,000 00 



Market Value. 

$2,124 00 
2,150 00 
18,720 00 
27,060 00 
22,500 00 
162,134 00 
10,080 00 



$313,625 00 $416,058 00 



Market Value. 

$27,248 00 

4,329 00 

1,000 00 

12,584 00 

2,500 00 
22,643 00 



Loaned Thereon. 

$18,000 00 

2,100 00 

500 00 

9,400 00 

1,348 00 
7,800 00 



$70,304 00 $39,148 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, $8,912 70 
Gross assets, 

Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 



$43,200 00 

173,743 00 

5,620 01 

416,058 00 

39,148 00 

3,868 69 

39,923 35 

835 55 

54,864 35 

117 83 



$777,378 78 



$14,678 99 

31,442 00 

5,100 00 

$51,220 99 
1,934 00 

$49,286 99 
375,312 74 

3,749 69 
77 93 

3,500 00 



* Value of lands mortgaged, $244,890 00 

Value of buildings thereon 275,885 00 

Amount of insurance held as collateral, .... 79,596 00 



196 



THE FARMERS FIRE INSURANCE CO. 



Commissions and brokerage, 
Reinsurance disallowed, . 
Gross liabilities, . 



* 10,728 70 
3,715 64 



6446,371 69 



Surplus, 6331,007 09 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



662,146 14 
11,983 82 

$50,162 32 
481,517 97 

8531,680 29 
63,777 05 

6467,903 24 
83,235 59 



sources, . 



Gross cash income, 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Deposits returned on perpetual fire risks, 

Gross cash expenditures, .... 

Risks and Premiums. 



§384,667 65 

8,814 15 

16,982 20 

1,036 00 

6411,500 00 



8262,086 80 
9,943 41 



$65 00 



8252,143 39 
94,729 68 
31,879 92 
10,487 41 
30,603 03 



8419,843 43 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 
Perpetual risks in force (notincl'd above), 



Premiums. 

. 863,553,202 00 6756,784 28 
. 39,667,550 00 481,517 97 



£103,220,752 00 81,238,302 25 
. 39,553,786 00 475,568 95 



. 863,666,966 00 8762,733 30 
. 1,888,249 00 21,578 25 



.861,778,717 00 8741,155 05 
. $130,125 00 $3,947 04 



FIRE ASSOCIATION OF PHILADELPHIA. 



197 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



. $9,783,148 00 

. 6,718,561 00 

272,826 00 



"FIRE ASSOCIATION OF PHILADELPHIA," PHILADELPHIA, PA. 

[Incorporated March 27, 1820. Commenced business Sept. 1, 1817.] 

Paid-up Capital, $500,000. 

E. C. IRVIN, President. BENJAMIN T. HERKNESS, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

* Par Value. Market Value. 

City of Camden bonds $1,500 00 $1,620 00 

City of Richmond certificates, .... 25,000 00 29,000 00 

City of Tacoma water and light bonds, . . 40,000 00 41,700 00 

City of Richmond certificates, .... 65,600 00 75,276 00 

City of Portland, Ore., new city hall bonds, . 15,000 00 18,000 00 

City of Petersburg, Va., bonds, . . . 50,000 00 62,000 00 

Atlantic City, N. J., city water works bonds, . 25,000 00 31,000 00 

City of Duluth water and light bonds, . . 100,000 00 117,000 00 

City of Birmingham, Ala., bonds, . . . 50,000 00 56,300 00 

State of Georgia bonds, 25,000 00 28,250 00 

Lehigh Valley R.R. bonds, .... 100,000 00 124,000 00 

Belt Railroad & Stock Yards bonds, . . 50,000 00 58,750 00 

Louisville & Nashville R.R. bonds, . . . 66,000 00 78,375 00 

Texas & Pacific R.R. bonds, .... 11,000 00 11,330 00 

Camden & Atlantic R.R. bonds, . . . 30,000 00 33,450 00 

Pennsylvania R.R. bonds, .... 31,000 00 33,945 00 

Cincinnati, Hamilton & Dayton R.R. bonds, . 20,000 00 22,200 00 

Cincinnati, Dayton & Ironton R.R. bonds, . 25,000 00 27,750 00 

Chicago, Rock Island & Pacific R.R. bonds, . 25,000 00 26,875 00 

Northern Pacific R.R. bonds, .... 34,000 00 35,870 00 

Reading Co. bonds, 50,000 00 50,437 50 

Ohio River R.R. bonSs, 25,000 00 28,000 00 

Lynn & Boston R.R. bonds, .... 50,000 00 57,250 00 

Lehigh Valley Coal Co. bonds, . . . 15,000 00 16,593 75 

Port of Portland, Ore., bonds, .... 39,000 00 46,800 00 

Lehigh Coal & Navigation Co. bonds, . . 100,000 00 126,000 00 

Evansville & Terre Haute R.R. Co. bonds, . 50,000 00 54,000 00 

Newark Passenger Railway Co. bonds, . . 22,000 00 26,180 00 

Lehigh Valley R.R. Co. bonds, . . . 75,000 00 81,937 50 

Terminal Railroad Asso., St. Louis bonds, . 75,000 00 87,000 00 

Philadelphia City Passenger R'y Co. bonds, . 50,000 00 54,500 00 

Cleveland Electric R.R. Co. bonds, . . . 30,000 00 32,700 00 

Lehigh Coal & Navigation Co. bonds, . . 50,000 00 51,250 00 



198 



FIRE ASSOCIATION OF PHILADELPHIA. 



Toledo Electric Street Railway bonds, . 
Central of Georgia Railway Co. bonds, . 
United Traction Co. of Pittsburgh bonds, 
Colorado Springs Electric Co. bonds, 
Fairmount Park Transportation Co. bonds, 

Erie R.R. Co. bonds, 

Edison Electric Light Co. certificates, 
Chicago Edison Co. bonds, 
Minneapolis Street Railway Co. bonds, . 
Trenton Street Railway Co. bonds, . 
Seaboard & Roanoke R.R. Co. bonds, 
Wilmington & Chester Traction Co. bonds, 
Cleveland, Lorain & Wheeling R.R. Co. bonds 
Trenton Gas & Electric Co. bonds, . 
Harrisburg Light, Heat & Power Co 4 bonds, 
The People's R.R. -Co. of Syracuse bonds, 
Western Gas Co. bonds, .... 
Fort Pitt Traction Co. bonds, . 
Chicago Suburban Water & Light Co. bonds, 
West Chester Lighting Co. bonds, . 
Wheeling Traction Co. bonds, . 
Connecticut R'y & Lighting Co. bonds, . 
Elmira Water, Light & R.R. Co. bonds, . 
Brooklyn Union Elevated R.R. Co. bonds, 
Central of Georgia R.R. Co. bonds, . 
Elgin, Aurora & Southern Traction Co. bonds 
Shawinigan Water & Power Co. bonds, . 
Erie R.R. Co. bonds, .... 

Westinghouse Electric & Manuf. Co. ctfs., 
United Railways certificates, . 
Asphalt Co. of America certificates, 
Philadelphia Electric certificates, . 
1,000 shares Pennsylvania R.R. Co., 

331 " Phila., Ger. & Norrist'n R.R. Co 
70 " Chestnut Hill Railroad Co.,. 
35 " Philadelphia Bourse, . 
5 " Underwriters' Salvage Co., . 

500 " Philadelphia Traction Co., . 

100 " United Power & Trans. Co., 
2,000' " Miami Valley Insurance Co., 

250 " Colorado Springs Electric Co., 

306 " Illinois Southern R'y Co., . 

400 " United States Steel Corp'n, . 

300 " Reading Co., 
62 " Elmira Water, Light & R.R. Co., 
31 " Company's own stock, $13,175 



Par Value. 

$30,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
100,000 00 
13,000 00 
50,000 00 
50,000 00 
20,000 00 
50,000 00 
50,000 00 
50,000 00 
40,000 00 
25,000 00 

3,000 CO 
25,000 00 
20,000 00 
25,000 00 
20,000 00 
50,000 00 
50,000 00 
35,000 00 
60,000 00 
50,000 00 
25,000 00 
25,000 00 
50,000 00 
25,000 00 
30,000 00 
100,000 00 
25,000 00 
50,000 00 
16,550 00 

3,500 00 

1,375 00 

500 00 

25,000 00 

2,500 00 
100,000 00 
25,000 00 
30,600 00 
40,000 00 
15,000 00 

6,200 00 



Markr-t Value. 

2,660 00 

53,437 50 

58,500 00 

50,000 00 

52,125 00 

100,750 00 

14,560 00 

53,500 00 

54,500 00 

21,500 00 

54,750 00 

53,000 00 

59,750 00 

42,000 00 

25,750 00 

3,210 00 

27,000 00 

23,550 00 

25,250 00 

20,600 00 

50,500 00 

50,000 00 

28,500 00 

60,600 00 

45,750 00 

23,000 00 

25,000 00 

45,875 00 

25,875 00 

26,700 00 

31,500 00 

25,000 00 

75,125 00 

55,277 00 

4,550 00 

475 00 

500 00 

48,750 00 

4,600 00 

1,250 00 

3,750 00 

5,000 00 

17,550 00 

12,375 00 

620 00 



83,032,325 00 $3,119,744 25 



FIRE ASSOCIATION OF PHILADELPHIA. 



199 



Securities held as collateral for cash loans : — 

Mortgage assigned, 

259 shares Merchants' National Bank, . 
75 " United N. J. R.R. & Canal Co ., . 
Diamond State Steel Co. bonds, 
420 shares Consolidated Lake Superior Co., . 



Market Value. 

§3,000 00 
32,375 00- 
21,000 00 
7,700 00. 
20,100 00 



Loaned Thereon. 

$ 2,850 00 
50,000 00 
14,000 00 



$84,175 00 $66,850 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) , 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 

Gross assets, 

Deduct special deposits in other States, . 



Balance $6,203,317 28 



$497,100 00 

1,371,570 49 

30,141 99 

3,119,744 25 

66,850 00 

28,973 76 

273,329 70 

28,838 48 

888,240 92 

2,660 86 

7,166 83 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$235,316 85 

175,935 64 

49,064 96 



,317 45 
44,751 79 

$415,565 66 

2,594,639 36 

1,906,027 47 

146,348 54 

214,299 56 

6,157 68 

$5,283,038 27 
74,411 63 



1,314,617 28 
111,300 00 



5,208,626^64 

. $994,690 64 
500,000 00 

. $494,690 64 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$1,532,402 00 
. 2,005,949 00 
. 1,265,851 00 



200 



FIRE ASSOCIATION OF PHILADELPHIA. 



Income. 
Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total 

Premiums now in course of collection, 



|4,309,904 43 
1,062,932 26 



Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Income from rents, 

Deposits received for perpetual fire risks, 



£ 838,263 53 
4,359,881 82 

£5,198,145 35 
888,240 92 



£59,625 39 



Gross cash income, .... 

Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for repairs on real estate, 

for incidentals, 
Deposits returned on perpetual fire risks, 

Gross cash expenditures, . 

Risks and Premiums. 



£3,246,972 17 

85,972 7 

157,766 84 

25,752 20 

$3,516,463 28 



82,302,329 24 
218,294 94 



£98,237 45 



12,084,034 30 
200,000 00 
798,142 19 
236,440 09 
95,448 29 
11,510 01 
144,400 91 

$3,569,975 79 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Perpetual risks in force (not incl'd above), 



Premiums. 

£410,681,756 00 £4,793,767 96 
. 340,732,328 00 4,359,881 82 



8751,414,084 00 $9,153,649 78 
. 311,574,332 00 3,815,637 01 



$439,839,752 00 $5,338,012 77 
. 29,435,690 00 376,634 00 



$410,404,062 00 $4,961,378 77 
£86,856,198 00£2,075,092 68 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the. year (40 per cent.), 
Company's stock owned by directors, .... 



£56,159,116 00 

32,139,180 00 

1,422,285 00 

6,179,762 00 

200,000 00 

29,300 00 



THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 201 



"THE FIRE INSURANCE COMPANY OF THE COUNTY OF 
PHILADELPHIA," PHILADELPHIA, PA. 

[Incorporated May 31, 1832. Commenced business April 19, 1833.] 

Paid-up Capital, $400,000. 

CHARLES R. PECK, President. E. A. LAW, Secretary. 



Detailed Statement of Stocks, 



City of Camden bonds, .... 

Lehigh Valley R.R. bonds, 

Delaware & Bound Brook R.R. Co. bonds, 

Pennsylvania & N.. Y. Canal and R.R. bonds, 

Philadelphia & Erie R.R. bonds, 

Pennsylvania R.R. bonds, 

Belvidere Delaware R.R. bonds, 

Connecting R'y bonds, 

Pennsylvania R.R. bonds, 

Pennsylvania & N. W. R.R. Co. bonds, 

Lehigh Valley R'y bonds, 

Lehigh Valley R.R. annuity bonds, . 

Northern Central R'y Co. bonds, 

Philadelphia & Reading Terminal bonds, 

Pitts., Cin., Chicago & St. Louis R'y Co. bonds 

Catawissa R.R Co. bonds, 

Wladikawkas R'y bonds, .... 

Pennsylvania Co. bonds, .... 

Pennsylvania Steel Co. bonds, . 

Equitable Illu. Gaslight Co. of Phila. bonds, 

Western Union Telegraph Co. bonds, 

Phila. City Passenger R'y Co. bonds, 

Newark Passenger R'y Co. bonds, . 

Elec. & People's Traction Stock Trust certs., 

11 shares Elmira & Williamsport R.R., . 
264 
150 
470 
104 
205 
100 

20 

50 
164 
200 

69 

28 



Phila., Germant'n &Norris. R.R.Co. 
United Cos. of New Jersey, . 
Pennsylvania R.R. Co., . 
North Penn. R.R. Co , . 
Germantown Passenger R'y Co , 
2d & 3d Sts. Passenger R'y Co., 
13th & loth Sts. Passenger R'y Co. 
Frank. & South. P. C. P. R.R. Co , 
Union Trac. Co. of Philadelphia, 
Philadelphia Traction Co., 
Nat'l Bank of Northern Liberties, 
Bank of North America, Phila., 



Bonds, etc. 

Par Value. 

$1,000 00 

8,000 00 

24,000 00 

6,000 00 

10,000 00 

11,000 00 

1,000 00 

3,000 00 

6,000 00 

10,000 00 

25,000 00 

15,000 00 

10,000 00 

10,000 00 

20,000 00 

4,000 00 

15,000 00 

10,000 00 

15,000 00 

15,000 00 

15,000 00 

3,000 00 

5,000 00 

25,000 00 

550 00 

13,200 00 

15,000 00 

23,500 00 

5,200 00 

10,250 00 

5,000 00 

1,000 00 

2,500 00 

2,870 00 

10,000 00 

3,450 00 

2,800 00 



Market Value. 

$1,090 00 

10,220 00 

27,480 00 

6,840 00 

12,100 00 

13,370 00 

1,015 00 

3,065 00 

6,570 00 

10,300 00 

27,687 50 

19,725 00 

12,250 00 

12,600 00 

24,000 00 

4,400 00 

15,300 00 

10,000 00 

16,275 00 

16,650 00 

16,500 00 

3,180 00 

5,937 50 

24,625 00 

550 00 

40,920 00 

42,000 00 

35,308 75 

11,258 00 

30,340 00 

30,300 00 

6,260 00 

23,300 00 

5,248 00 

19,500 00 

8,297 25 

7,616 00 



202 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 



10 shares First National Bank of Phila., 
Philadelphia Securities Co. stock, . 



Par Value. 

$1,000 00 
250 00 



Market Value. 

81,740 00 
250 00 



$363,570 00 $564,068 00 



Securities held as collateral for cash loans : — 

Chicago & Jefferson Urban Tran. Co. bonds, . 

Ogden St. R'y Co. bonds, 

Cicero & Provise St. R'y Co. bonds, 
21 shares Union Passenger R'y Co., 



Market Value. Loaned Thereon. 

$21,420 00) 

4,080 00 > $25,000 00 

5,100 00' 

5,040 00 3,200 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc , as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 
Perpetual deposits in other companies, . 
Gross assets, 



$35,640 00 -S200 00 

31, 1901. 

$74,665 00 

216,050 00 

2,774 42 

564,068 00 

28,200 00 

322 76 

37,103 90 

34 38 

51,161 67 

185 00 

18 76 

6,526 13 

$981,110 02 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, . 



$20,659 51 
9,293 00 

$29,952 51 
1,324 27 

$28,628 24 

180,787 49 

227,106 10 

12,790 44 

5,916 83 



455,229 10 

. $525,880 92 
400,000 00 

. $125,880 92 



* Value of property mortgaged, . 
Amount of insurance held as collateral, 



$418,350 00 
171,600 00 



THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 



203 



Income. 

Fire premiums outstanding Dec. 31, 1900 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, 

Deposits received for perpetual fire risks 



$43,261 94 
358,003 43 

$401,265 37 
51,161 67 

$350,103 70 
81,502 02 



sources, 



t,851 52 



$268,601 68 

10,733 60 

25,843 04 

2,137 92 

369 05 



Gross cash income, $307,685 29 



Expenditures. 

Cash paid for fire losses, $152,269 05 

Deduct salvage and reinsurance, . . . 20,417 56 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for incidentals, .... 

Deposits returned on perpetual fire risks, . $ 8,1 10 16 



$131,851 49 
24,000 00 
67,540 85 
13,559 11 
9,278 22 
20,104 13 



Gross cash expenditures, . 



$266,333 80 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . . $28,532,079 00 $311,249 70 



Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



30,490,470 00 358,003 43 



$59,022,549 00 $669,253 13 
25,295,021 00 289,228 41 



$33,727,528 00 $380,024 72 
3,499,290 00 39,637 60 



Net amount in force, $30,228,238 00 $340,387 12 

Perpetual risks in force (not incl'd above), . $10,351,357 00 $250,764 88 



204 



FIREMAN S FUND INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, 



$3,510,374 00 

2,219,421 00 

140,523 00 

780,408 00 

24,000 00 

133,700 00 



"FIREMAN'S FUND INSURANCE COMPANY," SAN FRANCISCO, 

CAL. 

[Incorporated May 3, 1S63. Commenced business June 18, 1863.] 

Paid-up Capital, $1,000,000. 

WM. J. DUTTOX, President. LOUIS WEINMANS', Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $125,000 00 $174,375 00 

Republic of Hawaii bonds, .... 14,000 00 14,000 00 

Territory of Arizona funding bonds, . . 22,000 00 24,640 00 

Omnibus Cable R'y Co., San Fran., Cal., b'ds, . 125,000 00 162,500 00 

Market St. R'y Co., San Francisco, Cal., bonds, 108,000 00 132,300 00 

Powell St. R'y Co., San Francisco, Cal., bonds, 20,000 00 23,600 00 

Sutter St. R'y Co., San Francisco, Cal., bonds, 50,000 00 56,500 00 

Pres. & Ferries R.R. Co., San Fran., Cal., b'ds, 50,000 00 50,500 00 

San Fran. & San Joaquin Val. R'y Co. bonds, . 46,000 00 56,350 00 

San Francisco & North Pacific R'y bonds, . 19,000 00 21,850 00 

North Railway of California bonds, . . 40,000 00 45,000 00 

Northern California R'y Co. bonds, . . . 10,000 00 11,250 00 

Southern Pacific of Arizona bonds, . . . 5,000 00 5,675 00 

Los Angeles R'y Co., Los Angeles, Cal., bonds, 41,000 00 48,585 00 

Sierra Railway of California bonds, . . 20,000 00 21,200 00 

Southern Pacific Branch bonds, . . . 10,000 00 13,650 00 

Honolulu Rapid Transit and Land Co. bonds, . 50,000 00' 50,000 00 

Oahu Railway and Land Co. bonds, . . 30,000 00 31,350 00 

Hilo R.R. Co., Honolulu, H. I., bonds, . . 50,000 00 50,000 00 

Oakland Gas, L't & H't Co., Oakl'd, Cal., b'ds, 60,000 00 68,100 00 

Stockton Gas & Elec. Co., Stockton, Cal., b'ds, 44,000 00 45,320 00 

Bay Counties Power Co. bonds, . . . 20,000 00 21,700 00 

Spring Valley W. W., San Francisco, bonds, . 45,000 00 50,400 00 

Riverside Water Co. bonds, .... 20,000 00 18,000 00 

Baker City, Ore., water bonds, . . . 17,000 00 17,680 00 

Baker City, Ore., school bonds, . . . 15,000 00 15,525 00 

Palo Alto, Cal., school bonds, .... 5,000 00 5,050 00 

American Hawaiian S. S. Co., New York, b'ds, 15,000 00 15,750 00 



FIREMAN S FUND INSURANCE CO. 



205 



Oceanic S. S. Co., San Francisco, Cal., bonds, , 
Sunset Telephone & Telegraph Co. bonds, 
Oahu Sugar Co. of Honolulu, H. I., bonds, 
San Francisco Dry Dock Co. bonds, 
Natoma Vineyard Co., Cal., bonds, . 
Blaine County, Idaho, bonds, . 
2,986 shares Home Fire & M. Ins. Co. of Cal., 
146 " B'k of Cal., San Francisco, Cal., . 
130 " First Nat'l Bank, San Fran., Cal., 
166 " Anglo-Cal. B'k, Ltd., San F., Cal., 
340 " Sather Banking Co., San Fran. 

Cal. (in liquidation), 
100 " Mercan. Tr. Co., San Fran., Cal., 
450 " Oakland B'k of Savings, O., Cal., 
50 " Union Nat'l Bank, Oakland, Cal., 
250 " San Francisco National Bank, 
1,000 " Cal. St. Cable R.R. Co., S. F., Cal. 
649 " Sutter St. R.R. Co., San F., Cal., 
550 " P. & F. R.R. Co., San Fran., Cal. 
200 " Market St. R'y Co., San F., Cal., , 
550 " Oakl'd G., L't & H't Co., O., Cal. 
500 " San F. Gas & E. Co., S. F., Cal., 
200 " Pac. Gas Imp. Co., San F., Cal., , 
786 " Stockton Gas & E. Co., St'k., Cal., 
600 " Spring V. W. W., San Fran., Cal., 
100 " San Jose W'ter Co., San Jose, Cal. 
250 " Cal. Shipping Co., San F., Cal., 
656 " San F. Dry Dock Co., San F., Cal 
656 " Mission Rock Co., San Fran., Cal 



:! 



Par Value. 

$2,000 00 

30,000 00 

20,000 00 

5,000 00 

1,500 00 

400 00 

298,600 00 

14,600 00 

13,000 00 

8,300 00 



10,000 00 
22,500 00 
5,000 00 
25,000 00 
100,000 00 
64,900 00 
30,250 00 
10,000 00 
38,500 00 
50,000 00 
20,000 00 
23,580 00 
60,000 00 
10,000 00 
25,000 00 

65,600 00 



Market Value. 

$2,060 00 

33,000 00 

20,000 00 

5,500 00 

1,500 00 

400 00 

600,000 00 

61,320 00 

42,250 00 

13,280 00 

3,910 00 
11,000 00 
33,750 00 

8,250 00 
33,750 00 
150,000 00 
64,900 00 
19,250 00 
18,000 00 
28,325 00 
20,500 00 

8,000 00 

9,432 00 
51,600 00 
10,500 00 
25,000 00 

24,600 00 



$2,029,730 00 $2,550,927 00 



Securities held as collateral for cash loans 

390 shares B'k of Sonoma Co., Petaluma, Cal 
400 " Sutter St. R'y Co., San Francisco 
200 " B'k of Sonoma Co. s'k, Peta., Cal. 
1,500 " S. F. & North Pacific R'y Co., 
.1,011 " Presidio & Ferries Railway Co., 
125 " Cal. B'k stock of Los Angeles, 
20 " Eastern Dynamite Co., . 
Southern Pacific of California bonds, 
Presidio & Ferries Railway bonds, . 
Olaa Sugar Co., Hawaii, bonds, 
990 shares Stockton Elec. R'y, Stockton, Cal., 
400 " Cal. Safe Dep. & Tr. Co., San F., 
Loan to Merchants' Exc. of San Francisco, 



Market Value. 

$52,650 00 
40,000 00 
27,000 00 
30,000 00 
35,385 00 
12,500 00 
1,700 00 
16,500 00 
10,100 00 
46,000 00 
29,700 00 
44,800 00 
10,000 00 



Loaned Thereon. 

$34,000 00 
34,000 00 
15,000 00 



J. 54,000 00 



40,000 00 
15,000 00 
28,000 00 
10,000 00 



$356,335 00 $230,000 00 



206 



FIREMAN S FUND INSURANCE CO. 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire, marine and inland risks, 
Reinsurance due on losses paid, etc., 

Gross assets, 

Deduct special deposits in other States, . 



Balance, 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Bills payable and deposits, 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



31, 1901. 

$553,700 00 

277,775 00 

5,592 70 

2,550,927 00 

230,000 00 

10,532 26 

280,176 95 

1,702 46 

586,056 57 

62,443 18 

18,577 99 



$4,577,484 11 
135,750 00 

14,441,734 11 



$56,891 96 

273,062 14 

6,575 00 

$336,529 10 
124,447 34 

$212,081 76 

1,723,906 63 

64,400 75 

53,060 39 

146,449 59 

$2,199,899 12 
79,067 14 



2,120,831 98 

. $2,320,902 13 
. 1,000,000 00 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1900, . $407,498 59 

Premiums on risks written or renewed, . . 2,866,043 74 

Total, $3,273,542 33 

Premiums now in course of collection, . . 497,203 25 

Entire premiums collected, .... $2,776,339 08 

Less reinsurance and return premiums, . . 784,465 35 

Net cash fire premiums received, . . . 



$1,320,902 13 



$1,991,873 73 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$567,000 00 

149,300 00 

94.S00 00 



fireman's FUND INSURANCE CO. 



207 



Marine premiums outstanding Dec. 31, 1900, . $104,220 93 
Premiums on risks written or renewed, . . 995,091 01 

Total, $1,099,311 94 

Premiums now in course of collection, . . 151,296 50 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Income from rents, .... 

Income from all other sources, 

Gross cash income, . 



Expenditures 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 



,015 44 
583,920 55 



1,195,323 05 
207,447 95 

$490,669 46 
289,247 87 



$364,094 89 

18,301 72 

120,043 66 

25,711 61 

4,926 98 

2,524,952 59 



$987,875 10 



201,421 59 
120,000 00 
328,229 30 
244,167 58 
71,539 86 
202,103 17 

>,155,336 60 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total,. - r • 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$251,411,689 00 
. 229,763,212 00 

$481,174,901 00 
. 198,524,443 00 

$282,650,458 00 
. 35,799,511 00 



Premiums. 

$3,026,269 43 
2,866,043 74 

$5,892,313 17 
2,423,229 03 

$3,469,084 14 
453,059 50 



$246,850,947 00 $3,016,024 64 



.$10,533,193 00 
. 126,400,168 00 

$136,933,361 00 
. 126,109,220 00 

.$10,824,141 00 
. 5,715,255 00 



$339,095 83 

995,091 01 

1,334,186 84 

940,297 36 

$393,889 48 

201,889 59 



. $5,108,886 00 $191,999 89 



208 



THE FIREMEN'S INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, 



£39,842,751 00 

20,898,742 00 

1,009,812 00 

214,872 00 

3,256,000 00 

120,000 00 

97,900 00 



"THE FIREMEN'S INSURANCE COMPANY OF BALTIMORE," 

BALTIMORE, MD. 

[Incorporated December, 1825. Commenced business Aug. 2, 1S26.] 

Paid-dp Capital, $400,(KK). 

F. E. S. WOLFE, President. HARRY L. RIALL, Secretary. 



Detailed Statement of Stocks 



Virginia State bonds, .... 
Baltimore city bonds, .... 
United R'ys & Electric Co. bonds, . 
Virginia Electric R'ys & Dev. Co. bonds, 
60 shares Merchants' National Bank, . 

810 

200 

100 

400 

150 
1,000 ' 

300 ■ 

146 ' 



National Mechanics' Bank, . 
Far. & Merchants' Natl Bank, 
People's Bank, 
National Marine Bank, 
Second National Bank, 
Citizens' National Bank, 
United Ry's & Electric Co., . 
Union Terminal R'y Co., 



and Bonds. 

Par Value. 

$71,500 00 

605,000 00 

90,000 00 

50,000 00 

6,000 00 

8,100 00 

8,000 00 

2,000 00 

12,000 00 

15,000 00 

10,000 00 

15,000 00 

14,600 00 



Market Value. 
$52,150 00 

681,210 00 
85,500 00 
45,000 00 
11,700 00 
25,110 00 
13,800 00 
1,800 00 
15,600 00 
29,250 00 
33,000 00 
4,500 00 
11,680 00 



$907,200 00 $1,010,300 00 



Summary of Assets Dec 31, 1901. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Com. due on return preni's and reinsurance, 

Gross assets, 

Deduct special deposits in other States, . 

Balance, 



$145,000 00 

1,010,300 00 

6,487 13 

96,027 95 

17,424 07 

48,128 60 

298 68 

1,091 69 



$1,324,75812 
50,000 00 

$1,274,758 12 



THE FIREMEN S INSURANCE CO. 



209 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed, and reported, . 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid, . 
Due for borrowed money, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



$4,243 21 

35,681 50 

366,295 52 

962 16 

30,000 00 

10,658 16 

4,366 77 

25,811 08 



$478,018 40 

$796,739 72 
. 400,000 00 



Surplus over capital, $396,739 72 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, ....... 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . — 

Interest and dividends received from all sources, 

Income from rents, 



$60,301 35 
863,756 74 

$924,058 09 
48,128 60 

$875,929 49 
309,105 47 



$566,824 02 

42,479 97 

8,107 49 



Gross cash income, $617,411 48 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 
Loss on sale or depreciation of assets, 
Cash paid for incidentals, .... 



$401,833 62 
106,069 04 



$295,764 58 
71,876 40 
115,820 63 
19,287 50 
34,458 22 
1,772 09 
36,615 21 



Gross cash expenditures, . 



. $575,594 63 



210 



FIREMEN S INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$101,751,511 00 
. 95,995,986 00 



Premiums. 

$839,391 35 
863,756 74 



$197,747,497 00 $ 1,703,148 09 
. 84,532,040 00 741,319 91 



$113,215,457 00 
. 16,980,488 00 



§961,828 18 
180,077 50 



.$96,234,969 00 $781,750 68 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (18 per cent.), 
Company's stock owned by directors, . 



$9,706,036 00 

5,003,040 00 

303,826 00 

3,573,534 00 

72,000 00 

83,780 



"FIREMEN'S INSURANCE COMPANY OF NEWARK, N. J./ 1 

NEWARK, N. J. 

[Incorporated Dec. 3, 1S55. Commenced business Dec. 3, 1355.] 

Paid-up Capital, $1,000,000. 
.DANIEL H. DUNHAM, President. A. II. HASSINGER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Morris & Essex R.R. bonds, .... $50,000 00 $67,000 00 

Montclair Gas & Water Co. bonds, . . . 5,000 00 5,000 00 

North Hudson County R'y Co. bonds, . . 45,000 00 51,600 00 

Newark Gas Co. bonds, 50,000 00 69,000 00 

Lehigh Valley Terminal R'y bonds, . . 25,000 00 29,500 00 

Newark Passenger R'y Co. bonds, . . . 20,000 00 23,200 00 

Atlantic City, N. J., water bonds, . . . 22,000 00 24,200 00 

Passaic Water Co. bonds, 20,000 00 21,200 00 

Consolidated Traction Co. bonds, . . . 100,000 00 109,000 00 

Consumers' Heat, Light & Power Co. bonds, . 10,000 00 10,000 00 

€entral R.R. of New Jersey bonds, . . . 25,000 00 32,500 00 

United Electric Co. (N. J.) bonds, . . . 80,000 00 55,200 00 

Newark Consolidated Gas Co. bonds, . . 25,000 00 26,250 00 

N. Y., Lake Erie & West. Dock & Imp. bonds, 20,000 00 23,600 00 

United N. J. R.R. & Canal Co. stock, . . 13,900 00 38,225 00 

Delaware, Lack. & Western R.R. stock, . . 60,000 00 135,000 00 

Morris & Essex R.R. stock, . . . . • 70,000 00 133,000 00 

Newark City National Bank stock, . . . 20,000 00 40,000 00 

National Newark Banking Co. stock, . . 20,000 00 45,000 00 



firemen's INSURANCE CO. 



211 



National State Bank stock, 

Essex County National Bank stock, 

German National Bank stock, . 

Manufacturers 1 National Bank stock, 

Newark & Rosendale Lime & Cem. Co. stock 

Merchants' National Bank stock, 

N. Y. & N. J. Telephone stock, 

Rapid Transit R'y Co. stock, ... 

Western Adjustment & Inspection Co. stock, 



Summary op Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross) , 
Rents due and accrued, .... 
Reinsurance due on losses paid, 
Prem's more than three mos. due, $554 80 
Gross assets, 



Par Value. 

$32,500 00 

20,000 00 

10,000 00 

10,000 00 

4,000 00 

8,000 00 

25,000 00 

15,000 00 

300 00 



Market Value. 

$63,375 00 

110,000 00 

30,000 00 

17,000 00 

1,200 00 

20,000 00 

41,250 00 

36,750 00 

375 00 



$805,700 00 $1,258,425 00 

31, 1901. 

$132,378 60 

1,268,091 03 

17,287 58 

1,258,425 00 

1,449 33 

8,577 05 

9,791 25 

103,870 84 

103 00 

71 36 

$2,800,045 04 



Liabilities. 

Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, . 



$62,091 47 
2,212 00 

$64,303 47 
3,819 71 



),483 76 

502,224 31 

1,887 00 

494 22 

21,724 89 

19,442 40 

1 20 



606,257 78 

52,193,787 26 
1,000,000 00 



. $1,193,787 26 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$1,134,064 00 
1,957,000 00 
1,629,150 00 



212 



FIREMEN'S INSURA^XE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 



Gross cash income, 



$84,917 47 
175 79 

$84,741 68 
722,865 25 

$807,606 93 
104,425 64 

$703,181 29 
112,753 86 



sources, . 



6590,427 43 
62,920 83 
51,843 39 
11,672 73 

6716,864 38 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for redemption of scrip, 

Interest paid scrip holders, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expense on real estate, 

for incidentals, .... 

Gross cash expenditures, .... 



$325,211 78 
22,631 78 



8302,580 00 

100,000 00 

9 00 

3 33 

142,487 92 

34,417 00 

25,249 24 

883 46 

33,790 47 

6639,420 42 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . $94,283,699 00 8831,211 80 



Fire risks written during 1901, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



68,450,775 00 722,865 25 



8162,734,474 00 81,554,077 05 
48,633,295 00 548,207 65 



8114,101,179 00 81,005,869 40 
6,083,934 00 51,530 03 



Net amount in force, . 



$108,017,245 00 8954,339 37 



firemen's mutual INSURANCE CO, 



213 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, 



$9,583,436 00 

4,608,433 00 

326,403 00 

2,070,500 00 

100,000 00 

313,150 00 



"FIREMEN'S MUTUAL INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated May, 1854. Commenced business September, 1854.] 
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary. 



Detailed Statement of Stocks 



United States bonds, 

Rhode Island State bonds, 

Columbus Street R'y Co. bonds, 

Chicago, Burl & Quincy R.R. bonds, 

Northern Pacific-Great Northern R'y bonds, 

100 shares Hereford R'y Co., . 

100 ■ 

200 ' 

200 ' 

200 

200 

586 

200 

300 

200 ' 

100 

200 

300 ' 

100 

460 ' 

600 

260 

280 

200 

100 

100 

231 

100 



Detroit, Hillsdale & So. West'n R.R. 
Pitts., Bessemer & L. Erie R.R., 
Cleveland & Pittsburg R'y Co., 
West End Street R'y Co., 
Rensselaer & Saratoga R.R., . 
Pennsylvania R.R., . 
Morris & Essex R.R., 
Rome,Watert'n &OgdensburgR.R. 
Chic. & Northwestern R.R., . 
Old Colony R.R., . 
N. Y., Lackawanna & Western R R. 
Illinois Central R.R., 
Pitts., Ft. Wayne & Chic. R.R., 
N. Y. Cent. & Hud. River R.R., 
Merchants' National Bank, 
First National Bank, 
American National Bank, 
National Bank of Commerce, 
Old National Bank, . 
Blackstone Canal National Bank, 
Providence Gas Co., 
The Gold & Stock Telegraph Co., 



and Bonds. 

Par Value. 

$120,000 00 

100,000 00 

20,000 00 

4,000 00 
55,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
20,000 00 
29,300 00 
10,000 00 
30,000 00 
20,000 00 
10,000 00 
20,000 00 
30,000 00 
10,000 00 
46,000 00 
30,000 00 
26,000 00 
14,000 00 
10,000 00 
10,000 00 

2,500 00 
11,550 00 
10,000 00 



Market Value. 

$ 143,600 00 

110,000 00 

22,400 00 

4,120 00 
52,800 00 
10,000 00 
10,900 00 

7,400 00 
19,200 00 
18,800 00 
42,000 00 
43,950 00 
19,400 00 
41,700 00 
40,600 00 
21,000 00 
27,200 00 
41,700 00 
19,000 00 
76,820 00 
43,800 00 
31,200 00 
13,160 00 
10,400 00 

9,400 00 

2,800 00 
21,945 00 
12,400 00 



$688,350 00 $917,695 00 



214 



FIREMEN S MUTUAL INSURANCE CO. 



Summary of Assets Dec. 81, 1901. 
Stocks and bonds, as per schedule, . . . $917,695 00 

Cash deposited in bank, 136,803 33 

Interest due and accrued, 7,313 78 

Premiums in course of collection (gross), . 7,436 12 
Gross assets, 



fl,069,248 23 



Liabilities. 
Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
State and local taxes, .... 

Miscellaneous, 

Gross liabilities, .... 



Net cash assets, 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Interest and dividends received from all sources, 



83,080 54 

323,634 84 

9,315 46 

1,387 34 



$5,487 08 
676,603 10 

f682,090 18 
7,436 12 

$674,654 06 
20,043 42 



337,418 18 
$731,830 05 



$654,610 64 
35,143 19 



Gross cash income, $689,753 83 



Expenditures. 

Cash paid for losses, .... 

as profits on terminated policies, 
for salaries of officers and employees, 
for State and local taxes, 
for rents, .... 
for inspections, 
for incidentals, . 

Gross cash expenditures, . 



$18,388 42 

546,078 87 

12,431 12 

15,075 45 

850 00 

10,087 56 

953 58 

$603,865 00 



Risks and Premiums. 

Amount. Cash Prem"s. Conting't Prem"s. 

Risks outstanding Dec. 31, 1900, $77,596,409 00 $600,705 81 §3,003,529 05 

Risks written during 1901, . 86,969,165 00 676,603 10 3,383,015 50 



Total, . . . $164,565,574 00 $1,277,308 91 86,386,544 55 

Risks terminated during 1901, . 81,578,237 00 630,039 23 3,150,196 15 



In force at end of year, 



. $82,987,337 00 $647,269 68 83,236,348 40 



FRANKLIN FIRE INSURANCE CO, 



215 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1901, 90 per cent. 



$21,469 00 



"FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 22, 1829. Commenced business June 22, 1829.] 

Paid-up Capital, $400,000. 

JAMES W. MCALLISTER, President. EZRA T. CRESSON, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Pittsburgh, Chartiers & Yough. R.R. bonds, . $53,000 00 $54,060 00 

Shamokin, Sunbury & Lewisburg R.R. bonds, 10,000 00 10,600 00 

Huntingdon & Broad Top R.R. bonds, . . 20,000 00 21,200 00 

Lehigh Valley R.R. bonds, .... 230,000 00 246,500 00 

Penn. & New York Canal & R.R. bonds, . . 13,000 00 13,750 00 

Philadelphia & Erie R.R. bonds, . . . 35,000 00 38,150 00 

Philadelphia, Wilmington & Bait. R.R. bonds, 50,000 00 54,000 00 

Belvidere Delaware R.R. bonds, . . . 21,000 00 23,310 00 

Chicago & Western Indiana R.R. bonds, . . 3,000 00 3,270 00 

Pennsylvania R.R. collateral trust loan, . . 30,000 00 33,000 00 

Easton & Araboy R.R. bonds, .... 25,000 00 28,750 00 

Elmira & Williamsport R.R. Co. bonds, . . 10,000 00 10,700 00 

West Jersey R.R. bonds, 25,000 00 30,000 00 

New York Central R.R. bonds, . . . 25,000 00 25,500 00 

Harrisb., Ports., Mt. Joy & Lane. R.R. bonds, . 25,000 00 26,750 00 

Northern Central R.R. bonds, .... 15,000 00 18,750 00 

Steubenville & Indiana R.R. Co. bonds, . . 60,000 00 68,400 00 

Camden & Atlantic R.R. bonds, . . . 15,000 00 17,250 00 

Northern Central R.R. bonds, .... 14,000 00 15,760 00 

River Front R.R. bonds, 16,000 00 16,800 00 

Camden & Atlantic R.R. Co. bonds, . . 11,000 00 11,880 00 

Philadelphia & Reading R.R. Co. bonds, . . 75,000 00 81,750 00 

Northern Central R'y bonds, .... 14,000 00 15,260 00 

Philadelphia & Baltimore Central R.R. bonds, 1,000 00 1,050 00 

Jacksonville Southeastern R'y bonds, . . 4,000 00 3,200 00 

Jacksonville & St. Louis R.R. bonds, . . 15,400 00 2,227 50 

Wilmington & Weldon R.R. bonds, . . . 50,000 00 61,000 00 

West Jersey & Seashore R.R. bonds, . . 25,000 00 28,750 00 

Pittsburgh, Chartiers & Yough. R.R. bonds, . 50,000 00 50,000 00 

Chic, Rock Island & Pacific R.R. bonds, . . 70,000 00 74,900 00 

Lehigh & Hudson River R'y Co. bonds, . . 25,000 00 25,750 00 

Erie & Pittsburgh R.R. Co. bonds, . . . 50,000 00 52,000 00 

West Jersey & Seashore R.R. bonds, . . 100,000 00 104,000 00 



216 



FRANKLIN FIRE INSURANCE CO. 



Louisville & Nashville R.R. bonds, . 
New York, Phil. & Norfolk R.R. bonds, . 
Pitts., Cin., Chicago & St. Louis R.R. bonds, 
Erie R.R. Equipt. trust bonds, . 
Rio Grande Western R.R. bonds, 
Southern R'y Co. car trust bonds, . 
Wilmington & Northern R.R. bonds, 
Reading Co. R.R. & Marine Equipt. tr. bonds 
Baltimore & Ohio R.R. bonds, . 
Pennsylvania Co. collat. trust bonds, 
Erie R.R. car trust bonds, 
United R'ys Co. of St. Louis, Mo., bonds, 
Lehigh Coal & Navigation Co. bonds, 
Lehigh Valley Coal Co. bonds, 
Susquehanna Coal Co. bonds, . 
Philadelphia & Read. Coal & Iron Co. bonds, 
Delaware River Ferry Co. bonds, 
Girard Point Storage Co. bonds, 
Philadelphia Traction Co. bonds, 
Newport & Cincinnati Bridge Co. bonds, 
Edison Electric Light Co. gold trust c'tificates, 
Inf. Battalion, State Fencibles, N. G., Pa., b'ds, 
United Traction Co., of Pittsburgh, Pa., bonds, 
Federal St. & Pleasant Val. Pass. R'y Co. b'ds, 
Elec. & People's Traction Co. trust certificates, 
Philadelphia Electric gold trust certificates, 
Philadelphia Co., Pittsburgh, Pa., bonds, 
Erie Telegraph & Telephone Co. bonds, 
City of Springfield, 111., bonds, 
City of Sandusky, O., bonds, . 
City of Camden, N. J., bonds, . 
City of Quincy, 111., bonds, 
Borough of Sewickly, Pa., bonds, 
City of Dayton, O., bonds, 
City of Columbus, O., bonds, . 
Borough of Downingtown, Pa., bonds, 
City of Camden, N. J., bonds, . 
City of Lancaster, Pa., bonds, . 
County of Gloucester, N. J., bonds, . 
County of Cameron, Pa., bonds, 
Monongahela City, Pa., bonds, 
26 shares Girard National Bank, . 
50 " First National Bank, 
100 " Southwark National Bank, 
25 " Penn. Co. for Insur. on Lives, etc., 
500 " Min'hill & Schuylkill Hav. R.R. Co., 
300 " Philadelphia Traction Co., 
50 " Continental Hotel Co., . 



Par Value. 

|50 v 000 00 

50,000 00 

50,000 00 

50,000 00 

25,000 00 

20,000 00 

60,000 00 

50,000 00 

25,000 00 

50,000 00 

25,000 00 

25,000 00 

60,000 00 

20,000 00 

15,000 00 

25,000 00 

7,000 00 

20,000 00 

35,000 00 

25,000 00 

30,000 00 

2,000 00 

30,000 00 

10,000 00 

25,000 00 

25,000 00 

5,000 00 

20,000 00 

2,000 00 

35,000 00 

40,000 00 

19,000 00 

21,000 00 

25,000 00 

25,000 00 

9,000 00 

5,000 00 

4,000 00 

37,000 00 

20,000 00 

59,000 00 

2,600 00 

5,000 00 

5,000 00 

2,500 00 

25,000 00 

15,000 00 

5,000 00 



Market Value. 

|50,000 00 

52,000 00 

49,500 00 

51,000 00 

24,250 00 

20,000 00 

60,000 00 

51,500 00 

24,250 00 

49,000 00 

25,500 00 

22,500 00 

62,100 00 

21,800 00 

17,400 00 

26,000 00 

7,560 00 

20,400 00 

36,750 00 

28,250 00 

33,900 00 

2,000 00 

35,100 CO 

11,500 00 

24,500 00 

25,000 00 

5,650 GO 

20,000 00 

2,160 00 

40,950 00 

40,9o0 00 

19,950 00 

22,370 00 

29,750 00 

25,500 00 

9,720 00 

5,250 00 

4,120 00 

38,390 00 

21,600 00 

60,180 00 

5,460 00 

9,250 00 

6,500 00 

13,750 00 

32,000 00 

29,400 00 

7,250 00 



§2,380,500 00 82,550,127 50 



FRANKLIN FIRE INSURANCE CO. 



217 



Securities held as collateral for cash loans : — 

Market Value. 

200 shares United Steel Corporation, . . $8,500 00 

600 " Erie R.R. Co 25,200 00 

200 " Reading Co., 5,700 00 

200 " Choctaw, Oklahoma & Gulf R.R., . 10,600 00 

300 " Reading Co., 9,600 00 

300 " United Steel Corporation, . . 12,750 00. 

5 " 13th & 15th Sts. Passenger R'y Co., 1,565 00 



Loaned Thereon. 



$30,000 00 



25,000 00 



500 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, .... 

Income. 
Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash tire premiums received, 



$73,915 00 $55,500 00 

31, 1901. 

$228,000 00 

118,398 00 

1,775 97 

2,550,127 50 

55,500 00 

3,455 95 

57,305 40 

54 99 

91,812 80 

$3,106,430 61 



$16,186 39 

33,343 99 

2,635 30 

$52,165 68 
• 2,415 29 

$49,750 39 

543,025 48 

1,015,985 34 

19,429 08 



- 1,628,190 29 

. $1,478,240 32 
400,000 00 



. $1,078,240 32 



$71,594 79 
740,171 89 

$811,766 68 
91,812 80 

$719,953 88 
146,403 71 



$573,550 17 



* Value of property mortgaged $495,245 00 



218 



FRANKLIN FIRE INSURANCE CO. 



Interest received on mortgages, f 7,933 59 

Interest and dividends received from all other sources, . . 109,447 75 

Income from rents, 6,304 51 

Income from all other sources, 1,300 82 

Deposits received for perpetual fire risks, . $5,262 06 

Gross cash income, $698,536 84 



Expenditures. 

Cash paid for fire losses, £353,036 87 

Deduct salvage and reinsurance, . . . 22,135 02 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expenses on real estate, . 

for incidentals, .... 
Deposits returned on perpetual fire risks, . $41,305 61 



$330,901 85 
80,140 00 
130,032 71 
35,775 00 
24,445 19 
2,561 35 
76,074 91 



Gross cash expenditures, . 



. $679,931 01 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . . $93,191,031 00 $994,177 27 
Fire risks written during 1901, . . . 61,944,343 00 740.171 89 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$155,135,374 00 $1,734,349 16 
. 57,262,699 00 665,077 53 



. $97,872,675 00 $1,069,271 63 
. 5,217,157 00 58,860 74 



.£92,655,518 00 $1,010,410 89 



Perpetual risks in force (not incl'd above), . $51,195,046 00 $1,105,384 91 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, .... 



$33,589,736 00 

17,753,520 00 

343,528 00 

5,914,000 00 

80,000 00 

19,500 00 



GERMAN INSURANCE CO. 



219 



"GERMAN INSURANCE COMPANY OF FREEPORT," 
FREEPORT, ILL. 

[Incorporated February, 1865. Commenced business October, 1866.] 
Paid-up Capital, $200,000. 

C. O. COLLMANN, President. WM. TREMBOR, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Freeport, 111., school bonds, . . . . $38,500 00 $40,002 15 

Urbana, 111., city hall bonds, .... 14,000 00 15,169 00 

Champaign, 111., improvement bonds, . . 2,000 00 2,013 00 

Elgin, 111., school bonds, . . . * . . 7,500 00 8,056 50 

Macon Co., 111., court house bonds, . . . 25,000 00 28,190 00 

Lake & Hyde Park, Cook Co., school bonds, . 1,000 00 1,101 80 

Oregon, 111., school bonds, .... 12,000 00 12,238 80 

Mt. Vernon, 111., school bonds, .... 11,000 00 11,731 20 

Monroe Co., 111., funding bonds, . . . 10,000 00 10,182 00 

Cicero, Cook Co., 111., funding bonds, . . 1,500 00 1,543 05 

East St. Louis, 111., school bonds, . . . 10,000 00 11,350 00 

Danville, 111., city sewer bonds, . . . 9,000 00 9,511 20 

Wheaton, 111., city bonds, 10,000 00 10,940 00 

Gilman, 111 , school bonds, .... 5,500 00 6,059 35 

Danville Junction, 111., school bonds, . . 11,000 00 12,701 70 

Mt. Morris, 111., school bonds, .... 600 00 640 14 

Effingham, 111., city bonds , 1,000 00 1,01180 

Mattoon, 111., township refunding bonds, . 6,000 00 6,721 80 

Eldorado, 111., school bonds, .... 4,000 00 4,282 80 

Pecatonica, 111., school bonds, .... 8,000 00 8,624 00 

Monmouth, 111., water bonds, .... 12,000 00 12,987 60 

Marshall Co , 111., school bonds, . . . 4,000 00 4,543 20 

Woodhull, 111., school bonds, .... 3,700 00 3,768 82 

Marengo, 111., city bonds, 3,000 00 3,081 60 

Streator, 111., improvement bonds, . . . 163 35 163 35 

Blue Island, 111., village bonds, . . . 8,000 00 9,166 40 

Freeport, 111., Light & Fuel Co. bonds, . . 9,000 00 9,000 00 

Warren, 111., water bonds, .... 6,000 00 6,528 00 

Carmi, 111., school bonds, 5,000 00 5,330 00 

Freeport, 111., General Electric Co. bonds, . 5,000 00 5,000 00 

Omaha, 111., school bonds, .... 2,700 00 3,034 26 

Greenville, 111., school bonds, .... 10,000 00 10,000 00 

Watseka, 111., school bonds, .... 5,000 00 5,148 00 

Amboy, 111., school bonds, .... 8,000 00 8,739 20 

Ogden, Champaign Co., 111., school bonds, . 2,000 00 2,085 20 

Kankakee, 111., improvement bonds, . . 16,000 00 16,985 60 

Rockvale, 111., school bonds, .... 200 00 205 40 



220 



GERMAN INSURANCE CO. 



Grossdale, III., bridge bonds, 

Orangeville, 111., village bonds 

Davis, 111., school bonds, . 

Quincy, 111., funding bonds, 

Anna, 111., school bonds, . 

Paxton, III., school bonds, 

Evansville, Ind., school bonds, 

Drummer Tp., Ford Co., 111., funding bonds, 

Gifford, 111., school bonds, 

Rock Island, 111., funding bonds, 

Charleston, 111 , funding bonds, 

Muscatine, Iowa, school bonds, 

Forest Home, Des Moines, Iowa, school bonds 

Bloomington, 111., school bonds, 

Evansville, Ind., funding bonds, 

Meredosia, 111., drainage bonds, 

Maywood, 111., bonds, 

Pekin, 111., refunding bonds, . 

Normal, 111., water bonds, 

St. Charles, 111., school bonds, . 

Morris, 111., school bonds, 

Oregon, 111., town refunding bonds, 

Mounence, 111., town funding bonds, 

East Lincoln, 111., town funding bonds, 

White Co., Ill , funding bonds, 

East St. Louis, 111., school bonds, 

Muscatine, Iowa, refunding bonds, 

Lawrenceville, 111., city bonds, 

Cornell, 111., village bonds, 

Chicago Heights, 111., water bonds, 

Pana, 111., Twp. funding bonds, 

Monmouth, 111., refunding bonds, 

DuQuoin, 111., refunding bonds, 

Hawthorne, 111. (Cook Co.), school bond 

Jerseyville, 111., refunding bonds, 

Monroe, Wis., water bonds, 

Windsor, 111., town funding bonds, 

Bloom, Cook Co., 111., town bonds, 

Council Bluffs, Iowa, refunding bonds, 

Elmwood, 111., refunding bonds, 

Piper City, 111., school bonds, 

Georgia State bonds, 

Colchester, 111., school bonds, 

Nunda, 111., water bonds, . 

Marshall, 111., water bonds, 

Carrollton, 111., water bonds, 

Viola, HI , village bonds, . 

Carmi, 111., water bonds, . 



Par Value. 

64,000 00 
1,200 00 
525 00 
26,000 00 
6,500 00 
9,000 00 
10,000 00 
5,000 00 
1,500 00 
15,000 00 
18,000 00 
10,000 00 
10,000 00 
10,000 00 
5,000 00 
600 00 
6,000 00 
37,000 00 
20,000 00 
11,900 00 
5,500 00 
30,000 00 
15,000 00 
15,000 00 
10,000 00 
17,000 00 
25,000 00 
4,350 00 
1,200 00 
3,000 00 
29,000 00 
3,000 00 
3,000 00 
2,000 00 
11,000 00 
75,000 00 
9,500 00 
10,000 00 
13,000 00 
8,500 00 
8,000 00 
10,000 00 
4,900 00 
6,000 00 
9,000 00 
6,000 00 
2,000 00 
9,000 00 



Market Value. 

..^80 40 
1,237 56 
525 00 
27,999 30 
6,500 00 
9,324 00 
10,616 00 
5,538 50 
1,529 70 
16,512 00 
19,855 80 
10,000 00 
10,421 00 
10,410 00 
5,229 30 
615 12 
6,400 20 
38,731 60 
22,568 00 
12,742 52 
5,609 45 
32,067 00 
15,936 00 
15,520 50 
10,896 00 
18,215 50 
27,987 50 
5,554 95 
1,252 56 
3,510 00 
29,893 20 
3,405 00 
3,473 10 
2,271 40 
11,262 90 
79,672 50 
10,602 00 
10,000 00 
14,630 20 
8,668 30 
9,486 40 
10,537 50 
5,206 25 
6,000 00 
10,012 50 
7,576 80 
2,031 60 
9,414 90 



GERMAN INSURANCE CO. 



221 



C, B., & Q. R.R. bonds 

Chicago, Rock Island & P, R.R. bonds, . 

I. C. R.R. bonds, 

C, R. I. & P. R.R. bonds 

Elgin, Joliet & Eastern R'y bonds, . 
Chicago, Mil. & St. Paul R'y bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Chicago & Eastern Illinois R'y bonds, 
Chicago & Alton R'y bonds, 
Minnehaha Nat'l B'k stock, Sioux F., So. Dak., 
First Nat'l Bank stock, Blue Hill, Neb., . 
West. Underwrit's' Asso. Inc. stock, Chic, 111., 



Securities held as collateral for cash loans : — 

130 shares German Bank, Freeport, 111., . 
30 " First Nat'l Bank, Blue Hill., Neb., . 



Par Value. 

$20,000 00 
15,000 00 
50,000 00 
20,000 00 
10,000 00 
10,000 00 
20,000 00 
10,000 00 
20,000 00 
4,366 66 
5,000 00 

198,000 00 



Market Value. 

§ 20,550 00 
15,825 00 
53,900 00 
21,100 00 
11,562 50 
11,700 00 
22,100 00 
12,200 00 
16,950 00 
4,366 66 
5,000 00 

223,500 00 



,,221,905 01 $1,318,421 09 

Market Value. Loaned Thereon. 

$15,600 00 $9,700 00 
3,000 00 2,000 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, 

Gross assets, 

Deduct special deposits in other States, . 



818,600 00 $11,700 00 

31, 1901. 

$89,263 25 

1,815,764 18 

54,945 17 

1,318,421 09 

11,700 00 

t 28,755 15 

'265,818 91 

16,917 56 

385,870 37 

58,213 62 

$4,045,669 30 

10,537 50 



Balance, 14,035,131 80 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 



$79,027 46 
88,999 27 
16,750 00 

$184,776 73 
15,219 56 

$169,557 17 



* Value of lands mortgaged $3,611,675 00 

Value of buildings thereon 1,707,850 00 

Amount of insurance held as collateral, .... S40.015 00 



222 



GERMAN INSURANCE CO. 



Unearned premiums on outstanding risks, . 12,356,654 17 

Commissions and brokerage, .... 80,963 61 

Reinsurance, 63,218 89 

Gross liabilities, except capital, . . 12,670,393 84 

Deduct liability on special deposits, . . 9,708 70 



12,660,685 14 



Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 



. $1,374,446 66 
200,000 00 



£1,174,446 66 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Income from rents, .... 

Profit on sale of assets, 

Income from all other sources, 

Gross cash income, . 



. $364,001 87 
3,922 15 

. $360,079 72 
. 2,862,435 88 

. $3,222,515 60 
444,083 99 

. $2,778,431 61 
585,053 03 



- $2,193,378 58 

142,810 05 

1,998 39 

6,730 11 

1,253 55 

. $2,346,170 68 



Expenditures. 

Cash paid for fire losses, $1,315,420 68 

Deduct salvage and reinsurance, . . . 161,810 81 

Net cash paid for fire losses, .... $1,153,609 87 

Cash dividends paid, 50,000 00 

Cash paid for commissions and brokerage, 



for salaries of officers and employees, 

for State and local taxes, 

for premiums on bonds, . 

for incidentals, .... 



576,499 66 

115,684 05 

48,989 84 

391 50 

149,599 60 



Gross cash expenditures, . 



. $2,094,774 52 



GERMAN ALLIANCE INSURANCE CO. 



223 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

1303,714,269 00 $3,999,199 47 
224,132,407 00 2,862,435 88 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$527,846,676 00 $6,861,635 35 
168,714,572 00 2,275,058 56 



$359,132,104 00 $4,586,576 79 
11,528,692 00 175,630 28 



$347,603,412 00 $4,410,946 51 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (25 per cent.), 
Company's stock owned by directors, . 



,453,887 00 

15,106,528 00 

1,221,862 00 

1,059,665 00 

50,000 00 

71,050 00 



"GERMAN ALLIANCE INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated Feb. 8, 1897. Commenced business Feb. 8, 1897.] 
Paid-up Capital, $400,000. 

ADOLPH A. STROHN, President. CHARLES G. SMITH, Secretary. 

» 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $161,500 00 $197,210 00 

New York City bonds, 100,000 00 104,500 00 

Atchison, Topeka & Santa Fe R'y bonds, . 10,000 00 10,000 00 

Central R.R. of New Jersey bonds, . . . ■ 20,000 00 25,000 00 

Chic, Burl. & Quincy R.R. bonds, . . . 2,000 00 2,000 00 

Chicago & Eastern Illinois R.R. bonds, . . 25,000 00 34,000 00 

Missouri, Kansas & Texas R'y bonds, . . 25,000 00 24,250 00 

Northern Pacific-Great Northern R.R. bonds, . 28,000 00 26,600 00 

Second Avenue R.R. bonds, .... 25,000 00 29,250 00 

Utah & Northern R.R. bonds, .... 20,000 00 23,000 00 

Edison Electric Illuminating Co. bonds, . . 10,000 00 11,700 00 

Kanawha & Hocking Coal & Coke Co. bonds, . 20,000 00 20,400 00 

Western Union Telegraph Co. bonds, . . 2,000 00 2,200 00 

200 shares Chicago & Northwestern R.R., . 20,000 00 44,000 00 

500 " Chicago, Mil. & St. Paul R.R., . 50,000 00 92,000 00 

200 " Hocking Valley R.R., . . . 20,000 00 16,000 00 

230 " Illinois Central R.R. Co., . . 23,000 00 31,050 00 

100 " Northern Pacific R.R., . . . 10,000 00 10,000 00 



224 



GERMAN ALLIANCE INSURANCE CO. 



2,053 shares Pennsylvania R.R., 
100 " Rensselaer & Saratoga R.R., 
300 " Southern Railway, 
400 " Union Pacific R.R., 
100 " Central National Bank, 
100 " National Bank of Commerce, 



Par Value. 

6102,650 00 
10,000 00 
30,000 00 
40,000 00 
10,000 00 
10,000 00 



Market Value. 

6148,842 00 
20,500 00 
27,000 00 
34,000 00 
17,500 00 
33,500 00 



$774,150 00 f984,502 00 



Summary of Assets Dec. 31, 1901. 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



$984,502 00 

2 40 

91,510 79 

87,329 57 



$1,163,344 76 
92,800 00 



Balance, $1,070,544 76 

Liabilities. 

Losses adjusted, unpaid, 827,506 57 

Losses claimed and reported, .... 35,894 00 

Unearned premiums on outstanding risks, . 257,807 00 

Commissions and brokerage, .... 35,167 28 

Gross liabilities, except capital, . . $356,374 85 

Deduct liability on special deposits, . . 17,924 59 



Surplus as regards policy holders, . 
Paid-up capital, 



338,450 26 

$732 : 094 50 
400,000 00 



Surplus over capital, $332,094 50 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, . 



$77,313 17 
464,207 20 

§541,520 37 
87,329 57 

$454,190 80 
82,053 56 



$372,137 24 
37,765 25 



Gross cash income, $409,902 49 



GERMAN-AMERICAN INSURANCE CO. 



225 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$208,171 34 
1,597 12 



Gross cash expenditures, . 



$206,574 22 

24,000 00 

81,692 35 

2,187 50 

23,240 50 

90 60 

$337,785 17 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . . $51,893,721 00 $394,796 09 
Fire risks written during 1901, . . . 50,393,927 00 464,207 20 



Total, 

Deduct risks expired and terminated, 

In force at end of vear, 



$102,287,648 00 $859,003 29 
. 45,082,196 00 372,397 84 



. $57,205,452 00 $486,605 45 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . * 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent), . 
Company's stock owned by directors, . 



$1,298,066 00 

705,911 00 

225,197 00 

24,000 00 

24,000 00 

89,200 00 



"GERMAN-AMERICAN INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated March, 1872. Commenced business March 7, 1872.] 

Paid-up Capital, $1,000,000. 

WM. X. KREMER, President. CHARLES G. SMITH, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds $568,000 00 $679,820 00 

Brooklyn city bonds, . . . . • . 175,000 00 175,000 00 

New York City bonds, 1,002,784 00 985,229 00 

New York City schools in Brooklyn bonds, . 50,000 00 50,000 00 

N. Y. City schools & sites, Borough of Queens, 25,000 00 25,000 00 

Portland, Ore., water bonds, .... 50,000 00 50,000 00 

Albany & Susquehanna R.R. bonds, . . 75,000 00 75,000 00 

Atch., Topeka & Santa Fe R'y bonds, . . 50,000 00 47,500 00 

Central R. R. of New Jersey bonds, . . 65,000 00 74,750 00 



226 



GERMAN-AMERICAN INSURANCE CO. 



Chicago & Alton R.R. bonds, . 
Chicago & Eastern Illinois R.R. bonds, . 
Chicago & Northwestern Railway bonds, 
Chicago, Burl. & Quincy R.R. bonds, 
Chicago, Mil. & St. Paul R.R. bonds, 
Chicago, Rock Island & Pacific R.R. bonds, 
Cleveland, Cin., Chic. & St. Louis R.R. bonds 
Erie Railway bonds, ..... 
Hocking Valley Railway Co. bonds, 
Little Miami R.R. bonds, .... 
Louis. & Nash. & Mobile & Mont. R.R. bonds 
Louisville & Nashville R.R. bonds, . 
Minneapolis & St. Louis R R. bonds, 
Minn., St. P. & Sault Ste Marie R'y Co. bonds 
Montana Central R.R. bonds, . 
Nash., Chattanooga & St. Louis R'y bonds, 
N. Y., Chicago & St Louis R.R. bonds, . 
N. Y., Lackawanna & Western R.R. bonds, 
N. Y., New Haven & Hart. R.R. bonds, . 
N. Y., Susquehanna & Western R.R. bonds, 
Northern Pacific-Great Northern R.R. bonds, 
Pennsylvania Co. bonds, .... 
Southern Pacific Co. bonds, 
Southern R'y Co. bonds, .... 
St. Paul, Minn. & Man. Railway bonds, . 
St Lawrence & Adirondack R.R Co. bonds, 
St. Louis, Iron Mountain & So. R.R. bonds, 
Union Pacific Railway bonds, . 
Utah & Northern R.R. bonds, . 
West Shore R'y Co. bonds, 
Allegheny Street Railway bonds, . 
Columbus & Ninth Avenue R.R. bonds, 
Lexington Avenue & Pavonia Ferry R'y bonds 
Minneapolis L. & M. Street Railway bonds, 
Metropolitan Street Railway bonds, 
N. Y. Gas & Elec. Light, Heat & P. Co. bonds 
34th Street Crosstown Railway bonds, . 
Troy (N. Y.) City Railway Co. bonds, . 
Edison Electric Illuminating Co. of N. Y. b'ds 
Kanawha & Hocking Coal & Coke Co. bonds, 
Western Union Telegraph Co. bonds, 
Standard Gas Light Co. bonds, 

100 shares Albany & Susquehanna R.R., 
1,000 " Cayuga & Susquehanna R.R., 
1,800 " Chicago, Mil. & St. Paul R.R., 
700 " Chicago & Northwestern R.R., 
500 " Cleveland, C, C. & St. Louis R.R., 
200 " Detroit, Hills. & Southwest. R.R., 



Par Value. 

$50,000 00 
25,000 00 

190,000 00 
50,000 00 

100,000 00 

100,000 00 
50,000 00 

200,000 00 
25,000 00 
25,000 00 

100,000 00 
50,000 00 
20,000 00 
25,000 00 
25,000 00 
25,000 00 
45,000 00 

100,000 00 
20,000 00 
50,000 00 

120,000 00 
80,000 00 
25,000 00 
50,000 00 
71,000 00 
25,000 00 
50,000 00 
25,000 00 
10,000 00 
50,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
35,000 00 
25,000 00 
50,000 00 
25,000 00 
35,000 00 
80,000 00 
25,000 00 
25,000 00 
10,000 00 
30,000 00 

180,000 00 
70,000 00 
50,000 00 
20,000 00 



Market Value. 

641,250 00 
32,500 00 

210,990 00 
52,500 00 

113,200 00 

112,500 00 
50,000 00 

247,500 00 
25,000 00 
25,000 00 

105,000 00 
50,000 00 
21,000 00 
23,750 00 
32,500 00 
25,000 00 
48,150 00 

125,000 00 
35,000 00 
53,250 00 

114,000 00 
86,400 00 
21,250 00 
57,500 00 
92,300 00 
27,500 00 
45,000 00 
25,000 00 
11,500 00 
53,500 00 
25,000 00 
28,000 00 
28,000 00 
25,000 00 
39,200 00 
22,500 00 
55,000 00 
25,000 00 
40,250 00 
80,000 00 
27,500 00 
26,250 00 
19,500 00 
58,500 00 

315,000 00 

147,000 00 
50,000 00 
20,000 00 



GERMAN-AMERICAN INSURANCE CO. 



227 



200 shares 


700 


it 


1,000 


u 


600 


II 


100 


M 


1,200 


II 


2,633 


It 


390 


II 


200 


tl 


500 


U 


500 


u 


3,740 


II 


750 


It 


500 


(I 


500 


It 


1,500 


II 


100 


II 


400 


u 


400 


II 


221 


M 


90 


II 


300 


If 


150 


II 


300 


II 


1,000 


II 


400 


U 


700 


U 



Delaware & Hudson Co., 
Great Northern R.R., . 
Hocking Valley R'y Co., 
Illinois Central R.R., . 
Minneapolis & St. Louis R.R., 
Morris & Essex R.R., . 
New York & Harlem R.R., . 
N. Y , New Haven & Hart. R.R., 
NY, Lackawanna & West'n R.R. 
Norfolk & Western R'y, 
Northern Pacific Railway Co., 
Pennsylvania R.R , 
Pittsburg, C, C. & St. Louis, 
Rensselaer & Saratoga R R., 
Southern R'y Co., . 
Union Pacific R R., 
American Exchange Nat'l Bank, 
Central National Bank, 
Fourth National Bank, . 
German-American Bank, 
Merchants' National Bank, . 
National Bank of Commerce, 
Merchants' Trust Co , . 
N. Y. Security & Trust Co., . 
Consolidated Gas Company, 
Pullman Co., 
Standard Oil Co., . 



Par Value. 

$20,000 00 
70,000 00 

100,000 00 
60,000 00 
10,000 00 
60,000 00 

131,650 00 
39,000 00 
20,000 00 
50,000 00 
50,000 00 

187,000 00 
75,000 00 
50,000 00 
50,000 00 

150,000 00 
10,000 00 
40,000 00 
40,000 00 
16,575 00 
4,500 00 
30,000 00 
15,000 00 
30,000 00 

100,000 00 
40,000 00 

7or,ooo oo 



Market Value. 

$32,000 00 

119,000 00 

75,000 00 

72,000 00 

10,000 00 

108,000 00 

526,600 00 

74,100 00 

25,000 00 

42,500 00 

50,000 00 

261,800 00 

75,000 00 

95,000 00 

40,000 00 

120,000 00 

17,000 00 

68,000 00 

80,000 00 

19,061 00 

7,200 00 

97,500 00 

48,750 00 

300,000 00 

190,000 00 

76.000 00 

385,000 00 



$6,120,509 00 $8,171,550 00 



Summary of Assets Dec. 31, 1901. 

Cash value of unencumbered real estate, . $15,000 CO 

Loans on mortgage of real estate (first liens *), 13,000 00 

Interest due or accrued thereon, .... 173 00 

Stocks and bonds, as per schedule, . . . 8,171,550 00 

Cash in the office of the company, . . . 5,182 42 

Cash. deposited in bank, 475,875 91 

Interest due and accrued, 5,110 27 

Premiums in course of collection (gross), . 733,565 42 
Prem's more than three mos. due, $18,229 15 

Gross assets, f 

Deduct special deposits in other States, . ... 

Balance, 



$9,419,457 02 
140,700 00 

$9,278,757 02 



* Value of lands mortgaged $8,000 00 

Value of buildings thereon 14,000 00 

Amount of insurance held as collateral, .... 13,00000 

t Including $500,000 special reserve held under New York laws. 



228 



GERMAN-AMERICAN INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, . . • . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$130,653 00 

375,996 00 

82,590 00 

$589,239 00 
66,727 00 

$522,512 00 

3,109,666 62 

13,861 38 

150,820 29 

129,460 43 

1,732 80 

$3,928,053 52 
82,539 45 



83,845,514 07 



Surplus as regards policy holders, 
Paid-up capital, .... 



. $5,433,242 95 
. 1,000.000 00 



Surplus over capital, $4,433,244 95 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 



Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, . 
Interest received on mortgages, 



$3,479,751 90 

520 00 
Interest and dividends received from all other sources, . . 319,439 73 



$620,517 28 
1,331 38 

$619,185 90 
6,009,155 07 

$6,628,340 97 
751,794 57 

$5,876,546 40 
2,396,794 50 



Gross cash income, . 



. $3,799,711 63 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 



$2,698,314 76 
799,754 03 



$1,898,560 73 
300,000 00 



GERMAN FIRE INSURANCE CO. 



229 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$793,499,660 
. 669,430,867 



$590,407 99 
195,011 76 
102,439 11 
338,434 57 

$3,424,854 16 



Premiums. 

00 $6,522,940 96 
00 6,009,155 07 



$1,462,930,527 
. 588,703,407 



00$12,532,096 03 
00 5,088,452 25 



$874,227,120 
. 187,268,276 



00 $7,443,643 78 
00 1,455,475 80 



$686,958,844 00 $5,988,167 98 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Company's stock owned by directors, .... 



$60,854,405 00 

32,546,013 00 

2,049,190 00 

4,990,000 00 

300,000 00 

117,600 00 



"GERMAN FIRE INSURANCE COMPANY OF THE CITY OF 
PITTSBURGH," PITTSBURGH, PA. 

[Incorporated March 27, 1862. Commenced business July, 1862.] 

Paid-up Capital, $200,000. 

A. E. SUCCOP, President. A. H. ECKERT, Secretarrj. 



Detailed Statement of Stocks 



100 " Third National Bank, Pittsburgh, 
100 " Exchange National Bank, Pitts., 
100 " Allegheny Nat'l Bank, Pittsburgh, 

43 " M. & M. National Bank, Pitts., 
3 " Metropolitan Nat'l Bank, Pitts., 

10 " Fifth Avenue Bank, Pittsburgh, 
100 " First National Bank, Allegheny, 

45 " Second National Bank, Allegheny 
Aleppo township school bonds, 
Millvale & Etna Traction Co. bonds, 
Pitts. & Birm. Traction Co. bonds, . 



and Bonds. 

Par Value. 

$10,200 00 

10,000 00 

5,000 00 

5,000 00 

2,150 00 

300 00 

500 00 

10,000 00 

4,500 00 

1,600 00 

11,500 00 

8,000 00 



Market Value. 

$26,520 00 

20,000 00 

8,600 00 

11,500 00 

6,235 00 

480 00 

550 00 

13,000 00 

14,625 00 

1,840 00 

12,995 00 

9,200 00 



$68,750 00 $125,545 00 



230 



GERMAN FIRE INSURANCE CO. 



Securities held as collateral for cash loans : — 



15 shares Union Trust Co., 

20 - 

45 ' 

14 ' 

200 ' 

100 ' 

600 ' 

100 ' 

100 ' 

20 ' 



City Deposit Bank, . ' . 
Westinghouse Air Brake Co., 
Diamond National Bank, 
Pittsburg Coal Co., . 
Monongahela River C. C. & C. Co 
Crucible Steel Co., . 
South Side Trust Co., . 
Pittsburg Plate Glass Co , 
Germania Savings Bank, 



Market Value. Loaned Thereon. 



|10,725 00 

2,800 OO^j 

7,875 00 

5,460 00 

5,125 00 

1,300 00 

14,250 00 J 

10,800 00 

30,000 00 

4,300 00 



$5,000 00 
J. 27,250 00 

9,300 00 
19,500 00 



$92,635 00 1,050 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



31, 1901. 

f 2,200 00 

231,425 00 

4,313 81 

125,545 00 

61,050 00 

45,473 43 

357 87 

69,459 48 



$539,824 59 



Liabilities. 
Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, . 



$21,406 06 
10,349 88 

$31,755 94 
2,541 84 

f29,214 10 

248,276 73 

901 80 

9,059 93 

2,167 75 



289,620 31 

.5250,204 28 
200,000 00 

•550,204 28 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral. 



£81,600 00 

338,860 00 

950 00 



GERMAN FIRE INSURANCE CO. 



231 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, 

Gross cash income, 



>,337 21 
380,328 80 

$446,666 01 
69,459 48 

$ 377,206 53 
75,396 41 



sources, 



$301,810 12 

14,792 33 

6,738 49 

221 00 

515 19 

$324,077 13 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$167,037 17 
13,548 29 



$153,488 88 
20,000 00 
89,288 35 
10,345 78 
8,558 56 
25,479 19 

$307,160 76 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

. $37,194,853 00 $430,750 33 
. 32,890,810 00 380,328 80 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



,085,663 00 $811,079 13 
28,049,682 00 318,068 39 



.$42,035,981 00 $493,010 74 
. 1,156,692 00 19,070 87 



$40,879,289 00 $473,939 87 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



^6,255,635 00 

3,082,263 00 

169,766 00 

758,000 00 

20,000 00 

27,000 00 



232 



GERMANIA FfRE INSURANCE CO. 



"GERMANIA FIRE INSURANCE COMPANY," NEW YORK, X. Y. 

[Incorporated March 2, 1859. Commenced business March 2, 1359.] 
Paid-up Capital, 81,000,000. 
HUGO SCHUMANN, President. CHARLES RUYK HAVER, Secretar,/. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $500,000 00 f 546,250 00 

Baltimore & Ohio R.R. Co bonds, . . . 56,000 00 54,120 00 

Brooklyn Union Elevated R.R. Co. bonds, . 15,000 00 15,000 00 

Chesapeake & Ohio R'y Co. bonds,. . . 30,000 00 31,200 00 

Chicago & Northwestern R'y Co. bonds, . . 36,000 00 43,560 00 

Cleve., Col., Cin., & Indian. R.R. Co. bonds, . 25,000 00 33,750 00 

Denver & Rio Grande R.R. Co. bonds, . . 35,000 00 35,700 00 

Dry Dock, E. Broadw'y & Bat. R.R. Co. bonds, 10,000 00 11,400 00 

East. Tenn., Virginia & Georgia R'y Co. b'ds, 25,000 00 29,750 00 

Edison Electric Illuminating Co. bonds, . . 25,000 00 26,500 00 

Fargo & Southern R'y Co. bonds, . . . 20,000 00 26,600 00 

Flint & Pere Marquette R.R. Co. bonds, . . 25,000 00 28,000 00 

Georgia State bonds 25,000 00 26,000 00 

Kentucky Central R'y Co. bonds, . . . 25,000 00 25,000 00 

Lehigh Valley R'y Co. of New York bonds, . 25,000 00 27,500 00 

Long Island R.R. Co. bonds, .... 15,000 00 18,150 00 

Milwaukee & Northern R.R. Co. bonds, . . 25,000 00 28,250 00 

Mississippi State bonds, 20,000 00 20,000 00 

Missouri Pacific R'y Co. bonds, . . . 25,000 00 30,500 00 

N. Y., Brooklyn & Man. Beach R'y Co. bonds, 25,000 00 27,500 00 

New l r ork city bonds 350,000 00 368,250 00 

N. Y. Cent. & Hudson River R.R. Co. bonds, . 50,000 00 48,500 00 

Northern Pacific Great North. R'y Co. bonds, 50,000 00 49,000 00 

Pittsburg & Western R'y Co. bonds, . . 25,000 00 25,000 00 

Richmond city bonds, 52,100 00 53,663 00 

St. Paul, Minn. & Manitoba R'y Co. bonds, . 25,000 00 28,750 00 

St. Paul & Northern Pacific R'y Co. bonds, . 16,000 00 20,640 00 

Tenn. Coal, Iron & R.R. Co. bonds, . . 25,000 00 27,750 00 

Third Avenue R.R. Co. bonds 25,000 00 30,750 00 

Toledo & Ohio Central R'y Co. bonds, . . 35,000 00 38,500 00 

Union Pacific R.R. Co. bonds, .... 10,000 00 10,600 00 

Western N. Y. & Penn. R.R. Co. bonds, . . 25,000 00 30,000 00 

Atch , Topeka & Santa Fe R'y Co. stock, . 100,000 00 100,000 00 

Baltimore & Ohio R.R. Co. stock, . . . 120,000 00 96,000 00 

Broadway & 7th Ave. R.R. Co. stock, . . 40,000 00 98,400 00 

Chicago, Mil & St. Paul R'y Co. stock, . . 90,000 00 157,700 00 

Consolidated Gas Co. stock, .... 100,000 00 215,000 00 



GERMANIA FIRE INSURANCE CO. 



233 



Denver & Rio Grande R.R. Co. stoek, 

German- American Bank stock, 

Hocking Valley R'y Co stock, 

Illinois Central R.R. Co. stock, 

Laclede Gas Light Co. of St. Louis, Mo , stock 

Louisville & Nashville R.R. Co. stock, 

Metropolitan Street RV Co. stock, . 

National Park Bank stock, 

N. Y. Central & Hud. River R.R. Co. stock, 

N. Y., Chicago & St. Louis R.R. Co. stock, 

Norfolk & Western R'y Co. stock, . 

Pennsylvania R.R Co. stock, . 

Pullman Co stock, 

Southern R'y Co. stock, .... 
St. Louis & San Francisco R.R. Co. stock, 
Union Pacific R.R. Co stock, . 
Western Union Telegraph Co. stock, 



Par Value. 

|120,000 00 

9,375 00 

50,000 00 

60,000 00 

50,000 00 

100,000 00 

10,000 00 

5,000 00 

100,000 00 

100,000 00 

50,000 00 

150,000 00 

100,000 00 

20,000 00 

30,000 00 

120,000 00 

50,000 00 



Market Value. 

$111,600 00 

13,406 25 

41,500 00 

81,600 00 

51,000 00 

105,000 00 

15,800 00 

30,500 00 

164,000 00 

114,000 00 

44,500 00 

220,500 00 

212,000 00 

18,200 00 

24,300 00 

106,800 00 

44,500 00 



$3,249,475 00 $3,882,439 25 



Summary of Assets Dec. 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Premiums in course of collection (gross) 
Rents due and accrued, 
Cash in hands of department managers, 

Gross assets, .... 
Deduct special deposits in other States, 

Balance, 



31, 1901. 

$667,324 27 

383,500 00 

9,012 92 

3,882,439 25 

12,441 83 

155,715 54 

289,122 20 

2,221 65 

28,207 95 



|5,429,985 61 
79,663 00 

f5,350,322 61 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



$53,379 51 
62,641 91 
11,755 00 

$127,776 42 
23,141 17 

$104,635 25 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$236,500 00 
419,500 00 
376,500 00 



234 



GERMANIA FIRE INSURANCE CO. 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$1,732,129 03 

58,773 82 

2,760 63 

$1,948,298 73 
39,075 42 



$ 1,909,223 31 

. $3,441,099 30 
. 1,000,000 00 



. $2,441,099 30 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest received on mortgages, 



$1,670,479 01 

18,316 36 
Interest and dividends received from all other sources, . . 148,267 76 



$229,387 32 
2,132,573 54 

$2,361,960 86 
289,122 20 

$2,072,838 66 
402,359 65 



Gross cash income, 



. $1,837,063 13 



Expenditures. 

Cash paid for fire losses, $899,312 42 

Deduct salvage and reinsurance, . . . 129,958 19 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and ernpjoyees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$769,354 23 

150,000 00 

344,327 65 

141,388 10 

41,698 99 

94,665 20 

$1,541,434 17 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$406,257,132 00 $3,212,449 21 
250,236,851 00 2,132,573 54 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$656,493,983 00 $5,345,022 75 
219,739,580 00 1,736,061 02 



$436,754,403 00 $3,608,961 73 
22,022,593 00 198,417 92 



$414,731,810 00 $3,410,543 81 



GIRART) FIRE AND MARINE INSURANCE CO. 



235 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (15 per cent.), 
Company's stock owned by directors, .... 



f37,124,210 00 

18,439,827 00 

792,418 00 

3,491,000 00 

150,000 00 

217,300 00 



"GIRARD FIRE AND MARINE INSURANCE COMPANY," 
PHILADELPHIA, PA. 

[Incorporated March 26, 1853. Commenced business May 2, 1853.] 

Paid-up Capital, $300,000. 

ALFRED S. GILLETT, President. EDWIN F. MERRILL, Secretory. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $50,000 00 $56,500 00 

City of Louisville, Ky., bonds, . . . . 10,000 00 10,400 00 

County of St. Louis, Mo., park bonds, . . 10,000 00 10,800 00 

City of Seattle, Wash., bonds, .... 50,000 00 55,000 00 

Borough of Ridley Park, Penn , bonds, . . 4,000 00 4,480 00 

Wadena, Minn., school bonds, .... 5,000 00 5,000 00 

State of Georgia bonds, 25,000 00 26,250 00 

City of Camden, N. J., bonds, .... 20,000 00 23,000 00 

City of Duluth, Minn , bonds 15,000 00 17,100 00 

Connecting R.R, bonds 9,000 00 9,630 00 

Pennsylvania R.R. bonds, 10,000 00 12,200 00 

Philadelphia, Wilm. & Bait. R.R. bonds, . . 70,000 00 76,300 00 

Pitts., Cin., Chic. & St. Louis R.R. bonds, . 10,000 00 11,500 00 

Delaware R R. bonds, 6,000 00 6,720 00 

North Pennsylvania R R. bonds, . . . 5,000 00 5,350 00 

Lehigh Valley R R. bonds, .... 20,00000 21,60000 

Lynn & Boston R.R. bonds, .... 25,000 00 28,750 00 

Philadelphia & Reading R.R. Co. bonds, . . 50,000 00 62,500 00 

Schuylkill Valley Traction Co. bonds, . . 10,000 00 10,300 00 

Fort Pitt Traction Co., Pittsburgh, bonds, . 10,000 00 11,700 00 

Ohio & Little Kanawha R.R. bonds, . . 1,200 00 1,200 00 

Kansas City Southern R'y bonds, . . . 20,000 00 14,400 00 

Lower Merion Gas Co. bonds, .... 8,000 00 8,240 00 

Hutchinson Water, L't & Power Co. bonds, . 6,000 00 6,000 00 

Hudson River Gas & Electric Co. bonds,. . 20,000 00 21,000 00 

Glens Falls Gas & Electric Light Co. bonds, . 10,000 00 10,300 00 

Western Gas Co. bonds, 25,000 00 26,750 00 

Consolidated Gas Co. of Pitts., Pa., bonds, . 10,000 00 11,400 00 

Hamilton Real Estate Co. bonds, . . . 11,600 00 11,600 00 

Chicago & Suburban Water & Lt. Co. bonds, . 10,000 00 10,300 00 



236 



GIRAKD FIRE AND MARINE INSURANCE CO. 



Elmira Water, Light & R.R. Co. bonds, . 

West Chester Lighting Co. bonds, . 

Missouri River Power Co. bonds, 

Economy Light & Power Co. bonds, 

Philadelphia & Darby Passenger R'y Co. st'k 

Pennsylvania R R. Co. stock, . 

Lehigh Valley R.R. Co. stock, . 

Lehigh Coal & Navigation Co. stock, 

Philadelphia Traction Co. stock, 

Pennsylvania Salt Manufacturing Co. stock, 

Continental Title & Trust Co. stock, 

Philadelphia Bourse stock, 

United (ias Improvement Co. stock, 

Girard F. & M. Ins. Co. stock, $45,458 00 



Securities held as collateral for cash loans : — 

Mortgages assigned, 

50 shares Guar. Tr. Co., Atlantic City, N. J., . 



Par Value. 

$10,000 00 

15,000 00 

10,000 00 

15,000 00 

2,250 00 

10,500 00 

15,000 00 

5,000 00 

10,000 00 

12,000 00 

2,500 00 

1,500 00 

5,000 00 



Market Value. 

110,900 00 

15,450 00 
10,500 00 
15,000 00 

1,800 00 
15,750 00 
11,400 00 

7,800 00 
19,600 00 
26,880 00 

3,700 00 

200 00 

11,650 00 



.$649,550 00 f736,300 00 



Market Value. Loaned Thereon. 

$133,600 00 1,000 00 
8,000 00 5,000 00 



$141,600 00 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

Cash deposited in bank 

Interest due and accrued, .... 
Premiums in course of collection (gross), 

Rents due and accrued 

Prems. more than three mos. due, $11,076 87 
Gross assets, 



8385,000 00 

634,400 00 

9,639 81 

736,300 00 

86,000 00 

2,146 87 

48,163 17 

10,313 21 

48,836 99 

1,077 55 



$1,961,877 60 



Liabilities. 



Losses claimed and reported, 
Losses disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 



$40,612 10 
1,000 00 

141,612 10 
1,319 96 

$40,292 14 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$1,341,476 00 
522,965 00 
25S.770 00 



GIRARD FIRE AND MARINE INSURANCE CO. 



237 



Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
State and local taxes, .... 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$412,093 54 

627,511 88 

312 84 

19,419 90 

10,774 39 

2,117 57 



Surplus over capital, . 



1,112,522 26 

$849,355 34 
300,000 00 

$549,355 34 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

from profit and loss account, 

from all other sources, 
Deposits received for perpetual fire risks, 



$83,691 56 
200 00 

$83,491 56 
504,481 16 

$587,972 72 
59,713 86 

$528,258 86 
121,937 77 



sources, 



$30,821 78 



$406,321 09 

33,622 79 

39,354 04 

15,636 10 

7,975 17 

1,109 50 



Gross cash income, 



$504,018 69 



Expenditures. 

Cash paid for fire losses, $214,290 92 

Deduct salvage and reinsurance, . . . 21,292 95 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for profit and loss, .... 

for incidentals, .... 

Deposits returned on perpetual fire risks, . $25,950 25 



$192,997 97 
60,000 00 
97,441 36 
55,146 83 
26,410 86 
9,220 70 
52,026 59 



Gross cash expenditures, 



$493,244 31 



238 



GLENS FALLS INSUKANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$90,792,407 00 

. 47,008,370 00 

$137,800,777 00 

. 44,860,550 00 

. $92,940,227 00 

. 5,403,175 00 

.$87,537,052 00 



Perpetual risks in force (not incl'd above), . $32,374,348 00 

Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, .... 



Premiums. 

$865,370 73 
504,481 16 

i 1,369,851 89 
508,422 47 

$861,429 42 
56,350 00 

$805,079 42 

•7,235 42 



$15,208,212 00 

5,985,506 00 

234,291 00 

2,131,194 00 

60,000 00 

34,600 00 



"GLENS FALLS INSURANCE COMPANY;' GLENS FALLS, N. Y. 

[Incorporated May, 1849. Commenced business May, I860.] 

Paid-up Capital, $200,000. 

J. L. CUNNINGHAM, /'resident. R. A. LITTLE, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $58,000 00 $75,380 00 

N. Y. Central & Hudson River R.R. bonds, . 200,000 00 212,000 00 

Syracuse, Bing. & New York R.R. bonds, . 53,000 00 61,480 00 

Morris & Essex R.R. bonds, .... 50,000 00 68,500 00 

West Shore R R. bonds, 50,000 00 54,000 00 

Union Pacific R.R. bonds 50,000 00 50,000 00 

Baltimore & Ohio R.R. bonds, .... 50,000 00 50,000 00 

Central of New Jersey R.R. bonds, . . . 50,000 00 65,500 00 

International Paper Co. bonds, . . . 50,000 00 56,000 00 

Hudson River Pulp & Paper Co. bonds, . . 320,000 00 320,000 00 

Gould Paper Co. bonds, 363,000 00 363,000 00 

Glens Falls Paper Mills Co. bonds, . . . 90,000 00 90,000 00 

>rgia State bonds, 25,000 00 25,000 00 

Richmond city bonds 11,000 00 11,000 00 

Pendleton City, Ore, bonds, .... 50,00000 55,90000 

Saratoga Springs bonds, 5,000 00 5,000 00 

First National Bank, Glens Falls, stock, . . 10,000 00 20,000 00 

First National Bank, Saratoga Springs, stock, 2,000 00 4,000 00 



GLENS FALLS INSURANCE CO. 



239 



Cleveland Trust Co. stock, 
Mt. Kisco National Bank stock, 
Glens Falls National Bank stock, 
German Trust Co., Davenport, la., stock, 
Union Pacific R.R. stock, . . . . 



Securities held as collateral for cash loans 



Morris & Essex R.R. bonds, 



Par Value. 

$5,000 00 

5,000 00 

2,500 00 

70,000 00 

50,000 00 



Market Value. 

$6,000 00 

5,000 00 

5,000 00 

70,000 00 

45,000 00 



$1,619,500 00 fl,717,760 00 



Market Value. Loaned Thereon. 

$-4,110 00 $4,000 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Prem's more than three mos. due, $1,650 45 

Gross assets,* 

Deduct special deposits in other States, . 



Balance, $3,457,532 53 



$93,710 00 
998,152 29 

4,124 36 
1,717,760 00 

4,000 00 

6,376 12 
586,091 03 

7,541 53 
131,677 20 



$3,549,432 53 
91,900 00 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, . 



$22,380 37 
47,861 00 
14,730 00 

$84,971 37 
18,722 99 

$66,248 38 

1,022,052 04 

10,000 00 

19,999 15 

3,694 69 

$1,121,994 26 
26,234 00 



1,095,760 26 

. $2,361,772 27 

200,000 00 

. $2,161,772 27 



* Including $200,000 special reserve held under New York laws. 



240 



GLENS FALLS INSURANCE CO. 



Income. 
Premiums on risks written or renewed, . . $1,256,906 85 
Less reinsurance and return premiums, . . 273,397 81 

Net cash fire premiums received, . . . $983,509 04 

Interest received on mortgages, 63,833 27 

Interest and dividends received from all other sources, . . 109,330 87 
Income from rents, 2,876 99 

Gross cash income, 1 1,159,550 17 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures 



$617,044 44 
78,827 97 



1538,216 47 

100,000 00 

229,772 60 

65,550 91 

52,993 27 

70,231 42 

. $1,056,764 67 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . $187,482,267 00 $1,964,774 65 
Fire risks written during 1901, . . 112,418,615 00 1,256,906 85 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$299,900,882 00 $3,221,681 50 
111,548,190 00 1,100,477 82 



$188,352,692 00 $2,121,203 68 
1,203,106 00 157,515 72 



$187,149,586 00 81,963,687 96 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (50 per cent.), 
Company's stock owned by directors, .... 



$20,101,121 00 

9,749,864 00 

554,818 00 

1,000,000 00 

100,000 00 

72,920 00 



GRANITE STATE FIRE INSURANCE CO. 



241 



"GRANITE STATE FIRE INSURANCE COMPANY," 
PORTSMOUTH, N. H. 

[Incorporated July 17, 1835. Commenced business Nov. 12, 1885.] 

Paid-up Capital, $200,000. 

FRANK JONES, President. ALFRED F. HOWARD, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

State of Massachusetts bonds, .... $20,000 00 $22,250 00 

Hillsborough County, N. H., bonds, . . 10,000 00 11,334 00 

Rockingham County, N. H., bonds, . . . 10,000 00 10,660 00 

Columbia County, Wash., bonds, . . . 8,000 00 8,390 40 

Boston, Mass., bonds 20,000 00 21,775 00 

Quincy, Mass., bonds 6,000 00 7,057 50 

Maiden, Mass., bonds 17,000 00 18,830 80 

Taunton, Mass., bonds, 8,000 00 8,945 60 

Newton, Mass., bonds 9,000 00 10,665 00 

Manchester, N. H., bonds, .... 100,000 00 104,890 00 

Portsmouth, N. H., bonds, .... 10,000 00 11,037 00 

Dover, N. H , bonds, 10,000 00 10,723 00 

Nashua, N. H., bonds, 10,000 00 10,945 00 

Concord, N. H., bonds, 1,000 00 1,150 00 

Laconia, N. H., bonds 10,000 00 11,492 40 

Pittsfield, N. H., bonds, 2,500 00 2,702 25 

Peterborough, N. H., bonds, .... 4,000 00 4,311 20 

Rutland, Vt., bonds, 5,000 00 5,712 50 

Milwaukee, Wis., bonds, 5,000 00 5,291 00 

Burlington, Vt , bonds 5,000 00 5,564 50 

Concord & Montreal R.R. bonds, . . . 25,000 00 27,820 00 

Boston & Lowell R.R. bonds 10,000 00 10,897 00 

Fitchburg R.R. bonds, 5,000 00 5,670 50 

Peterboro' & Hillsboro 1 R.R. bonds, . . 10,000 00 11,500 00 

Water, L. & P. Co., St. Cloud, Minn., bonds, . 10,000 00 10,000 00 

New Hampshire Trust Co. bonds, . . . 6,600 00 4,620 00 

Eastman Freight Car Heater Co. bonds, . . 26,000 00 26,000 00 

Nashua Card & Glazed Paper Co. bonds, . 5,000 00 5,000 00 

131 shares Boston & Maine R.R., . . . 13,100 00 25,021 00 

133 " Dover Gas Light Co., . . . 3,325 00 3,325 00 

50 " Wolf. Loan & Banking Co., . . 5,000 00 5,000 00 

51 " Wor., Nashua & Roch. R.R., . . 5,100 00 7,901 00 
35 " Concord & Montreal R.R., . . 3,500 00 7,070 00 



$398,125 00 $443,551 65 



242 



GRANITE STATE FIRE INSURANCE CO. 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 

Gross assets, 



31, 1901. 

$30,300 00 

13,350 00 

337 30 

413,551 65 

3,412 86 

36,187 76 

1,650 45 

58,733 09 

326 33 

1,039 97 



£588,889 41 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$36,810 92 

14,209 00 

1,100 00 

£52,119 92 
15,456 63 

$36,663 29 

228,520 18 

1,903 91 

9,188 57 

11,663 43 



287,939 38 

$ 300,950 03 
200,000 00 

$ 100,950 03 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



f56,383 07 
183 31 

£56,199 76 
447,882 72 

6504,082 48 
58,733 09 

8445,349 39 
118,851 77 



$326,497 62 



* Value of lands mortgaged, .... 
Value of buildings thereon, 
Amount of insurance held as collateral, . 



811,950 00 
■21,700 00 
10.400 00 



THE GREENWICH INSURANCE CO. 



243 



Interest received on mortgages, .... 
Interest and dividends received from all other sources, 

Income from rents, 

Profit on sale of real estate, 



Gross cash income, 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$610 30 

17,590 96 

2,652 46 

1,043 04 

$348,394 38 



$265,134 08 
67,905 37 



Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$48,448,099 00 
. 34,287,201 00 

.$82,735,300 00 
. 31,845,793 00 

.$50,889,507 00 
. 13,838,511 00 



$197,228 71 
12,000 00 
59,818 77 
11,380 00 
7,576 53 
34,091 16 

$322,095 17 

Premiums. 

$574,414 61 
447,882 72 

1,022,297 33 
417,704 24 

$604,593 09 
174,033 75 



.$37,050,996 00 $430,559 34 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$7,110,061 00 

3,295,071 00 

199,273 00 

148,000 00 

12,000 00 

131,600 00 



"THE GREENWICH INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated May 5, 1834. Commenced business Jan. 1, 1835.] 

Paid-up Capital, $200,000. 

MASON A. STONE, President. JOHN KEEGAN, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $46,500 00 $50,685 00 

District of Columbia bonds, .... 125,000 00 158,125 00 

The Central of Georgia Railway Co. bonds, . 25,000 00 26,500 00 

Rensselaer & Saratoga R.R. Co. stock, . . 60,000 00 130,200 00 

Delaware & Hudson Canal Co. stock, . . 60,000 00 106,800 00 

The Valley R.R. Co. stock, .... 35,000 00 47,250 00 



244 



THE GREENWICH INSURANCE CO. 



N. Y., Lackawanna & Western R.R. Co. stock, 
Chicago & Northwestern Railway Co. stock, 
Chic, Mil. & St. Paul Railway Co. stock, 
Morris & Essex R R. Co. stock, 
Great Northern Railway Co. stock, . 
Chicago & Alton Railway Co. stock, 
Pitts., Cin., Chic. & St. Louis R'y Co. stock, 
Pennsylvania R.R. Co. stock, . 
Baltimore & Ohio R.R. Co. stock, . 
Consolidated Gas Co. of N. Y. stock, 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued,. 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Reinsurance due on losses paid, 
Prem's more than three mos. due, $3,993 48 

Gross assets, 

Deduct special deposits in other States, . 



Par Value. 

825,000 00 
30,000 00 
80,000 00 
5,000 00 
82,500 00 
50,000 00 
50,000 00 
30,000 00 
41,200 00 

125,000 00 



Market Value. 

,000 00 
70,500 00 

144,750 00 
9,900 00 

152,212 00 
38,000 00 
56,500 00 
45,150 00 
43,878 00 

274,375 00 



Balance, 12,047,141 99 



$870,200 00 fl,388,825 00 

31, 1901. 

$340,000 00 

1,388,825 00 

1,565 15 

17,654 41 

500 00 

302,002 39 

13,102 57 

5,292 47 



£2,068,941 99 
21,800 00 



Liabilities. 

Losses claimed and reported, 
Losses disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Reel amiable on perpetual fire policies, 

Due for borrowed money, 

State and local taxes, 

Commissions and brokerage, . 

Return premiums and reinsurance, . 

Bills payable, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 



£238,075 93 

32.515 66 

£270,591 59 
25,518 25 

$245,073 34 

1,361,253 06 

931 50 

112,000 00 

5,000 00 

37,500 00 

25.516 02 
1,525 26 
7,198 88 

$1,795,998 06 
21,800 00 



1.774,198 06 

.,943 93 
.000 00 

£72,943 93 



THE GREENWICH INSURANCE CO. 



245 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 



Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



Marine premiums outstanding Dec. 31, 1901, 
Same not collected, 



Net collected, ' . 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash marine premiums received, 
Interest and dividends received from all 
Income from rents, .... 
Profit on sale of assets, 



sources, 



$295,354 45 
2,303 21 

$293,051 24 
2,052,652 10 

$2,345,703 34 
302,156 86 

$2,043,546 48 
534,089 93 



$1,509,456 55 



,727 14 
180 00 



5,547 14 
218,870 25 

$237,417 39 
8,838 65 

$228,578 74 
25,783 66 



$202,795 08 
50,599 49 
16,955 32 
38,329 38 



Gross cash income, $1,818,135 82 



Expenditures. 

Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employe 
for State and local taxes, 
for repairs on real estate, 
for incidentals, 



$1,084,729 09 
163,166 10 



$118,640 70 
13,907 10 



es, 



$921,562 99 



104,733 60 
20,000 00 

365,751 95 

150,585 23 

36,180 76 

412 82 

192,489 92 



Gross cash expenditures, . 



.,791,717 27 



246 



HANOVER FIRE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, : 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$310,384,527 
. 210,646,724 



Premiums. 

00 $2,246,370 14 
(0 2,052,652 10 



$521,031,251 
. 185,257,788 



- ^,299,028 24 
00 1,634,*99 90 



$335,773,463 

. 34,157,749 



00 $2,664,828 34 
00 325,162 08 



$301,615,714 00 $2,339,666 26 



$2,698,179 
43,340,200 



00 $102,174 05 
00 218,870 25 



. $46,038,379 
. 42,811,829 



00 $321,044 30 
00 209,363 55 



$3,226,550 
253,990 



00 $111,680 75 
00 3,222 44 



$2,972,560 00 $108,458 31 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, .... 



$23,694,075 00 

14,448,319 00 

993,780 00 

99,300 00 

2,208,000 00 

20,000 00 

85,075 00 



"HANOVER FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April, 1852. Commenced business April, 1862.] 

Paid-up Capital, $1,000,000. 

CHARLES A. SHAW, President. JOSEPH McCORD, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

United States bonds, § 148 ,000 00 6192,620 00 

State of Georgia bonds, 15,000 00 17,100 00 

City of New York additional water stock, . 100,000 00 99,500 00 

City of New York dock bonds, . . . 75,000 00 74,625 00 

City of Richmond, Va., bonds 50,000 00 59,000 00 

Pennsylvania Co. bonds, 36,000 00 40,140 00 

Flint & Pere Marquette R.R. Co. bonds, . . 60,000 00 72,600 00 

Chic, Indianapolis & Louisville bonds, . . 15,000 00 19,200 00 

Chic, Mil. & St. Paul R'y Co. bonds, . . 20,000 00 23,300 00 

N. Y., N. H. & Hart. R.R. Co. deb. certificates, 25,000 00 51,500 00 

Central R.R. of N. J. bonds, .... 60,000 00 SI ,000 00 



HANOVER FIRE INSURANCE CO. 



247 



Brooklyn (N. Y.) City R.R. Co. bonds, . 
Cin., Indianap., St. Louis & Chic. R'y Co. b'ds, 
Lehigh Valley Terminal R'y Co. bonds, . 
Col. & Ninth Ave. (N. Y.) R.R. Co. bonds, 
Atchison, Topeka & Santa Fe R'y Co. bonds, 

Erie R.R. Co. bonds, 

N. Y., Susque. & Western R.R. Co. bonds, 
Northern Pac. -Great Northern bonds, 
1,150 shares N. Y. Cent. & H. R. R.R., . 
850 " Chicago & Northwestern R'y Co 
480 " Chic, Rock Isl. & Pacific R'y Co 
100 " Rensselaer & Saratoga R.R. Co., 
3,904 " Pennsylvania R.R. Co., 
191 " Syra., Bing. & N. Y. R R. Co., 
500 " CI., Cin , Chic. & St. L. R'y Co., 
450 " Chic, Mil. & St, Paul R'y Co., 

7 " Chic, Ind. & Louisville R'y Co., 
700 " Pitts., McK. & You'y R.R. Co., 
550 " Northern Pacific R'y Co., . 
625 " The Great Northern R'y Co., 
500 " Union Pacific R.R. Co., 

45 " Chic, Mil. & St. Paul R'y Co., 
400 " Southern Railway Co., . 
250 " St. Louis Bridge Co., . 
150 " Amer. Exc Nat'l Bank (N. Y.), 
75 " Bank of America (N. Y.), . 
75 « Met. N'l B'k (N. Y.) (in liquida.), 



Par Value. 

$ 25,000 00 
25,000 00 
20,000 00 
10,000 00 
25,000 00 
50,000 00 
25,000 00 
50,000 00 

115,000 00 
85,000 00 
48,000 00 
10,000 00 

195,200 00 

19,100 00 

50,000 00 

45,000 00 

700 00 

35,000 00 

55,000 00 

62,500 00 

50,000 00 

4,500 00 

40,000 00 

25,000 00 

15,000 00 

7,500 00 



Market Value. 

$28,750 00 
26,250 00 
23,200 00 
12,300 00 
25,875 00 
50,687 50 
28,875 00 
49,500 00 

192,337 50 

185,250 00 
73,860 00 
21,600 00 

293,776 00 
36,672 00 
61,000 00 
85,275 00 
538 12 
51,100 00 
55,000 00 

115,312 50 
45,000 00 
7,430 62 
37,550 00 
33,750 00 
43,500 00 
41,250 00 
75 00 



$1,696,500 00 $2,356,299 24 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Cash in the ofiice of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Rents due and accrued, .... 

Reinsurance due on losses paid, 

Prems. more than three mos. due, $7,811 51 

Gross assets, ..... 
Deduct special deposits in other States, . 



Balance, $3,305,999 41 



31, 1901. 

$450,000 00 

3,500 00 

14 58 

2,356,299 24 

80,307 54 

50,748 31 

15,587 50 

386,423 73 

1,299 99 

32,218 52 



$3,376,399 41 
70,400 00 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$2,500 00 
5,000 00 
3,500 00 



248 



HANOVER FIRE INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



|111,260 56 

154,857 23 
69,767 64 

$335,885 43 
103,287 48 

$232,597 95 

1,441,274 60 

69,357 58 

73,696 15 

$1,816,926 28 
44,394 13 



£1,772,532 15 

$1,533,467 26 

1,000,000 00 

$533,467 26 



Income. 

Fire premiums outstanding Dec. 31, 1900, . §298,991 47 

Same not collected, 4,904 89 

Net collected, $294,086 58 

Premiums on risks written or renewed, . . 2,747,205 77 

Total, . $3,041,292 35 

Premiums now in course of collection, . . 394,235 24 



Entire premiums collected, .... $2,647,057 11 
Less reinsurance and return premiums, . . 849,046 21 

Net cash fire premiums received, . . . 

Interest received on mortgages, .... 
Interest and dividends received from all other sources, 

Income from rents, 

Income from profit and loss account, 



Gross cash income, 



$1,798,010 90 

175 00 

86,807 83 

10,231 83 

48,984 92 

$1,944,210 48 



Expenditures 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



§1,420,374 46 
233,522 03 



$1,186,852 43 

80,000 00 

358,691 19 

132,280 10 

56,870 41 

140,747 25 

$1,955,441 38 



HARTFORD FIRE INSURANCE CO. 



249 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$289,167,391 00 $2,940,872 23 
. 267,751,892 00 2,747,205 77 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$556,919,283 00 $5,688,078 00 
. 223,697,913 00 2,368,916 65 



$333,221,370 00 $3,319,161 35 
. 54,187,219 00 536,151 79 



$279,034,151 00 $2,783,009 56 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$38,247,402 00 

22,232,996 00 

1,145,737 00 

3,009,500 00 

80,000 00 

205,500 00 



"HARTFORD FIRE INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated May, 1810. Commenced business August, 1810.] 

Paid-up Capital, $1,250,000. 

•GEORGE L. CHASE, President. P. C. ROYCE, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

^Etna National Bank, Hartford, . $31,500 00 $58,590 00 

American National Bank, Hart., . 15,000 00 21,300 00 

Charter Oak Nat'l Bank, Hart., . 20,000 00 20,000 00 

City Bank, Hartford, . . . 16,600 00 16,600 00 

Conn. River Banking Co., Hart., . 3,000 00 5,000 00 

Conn. T. & S. Deposit Co., Hart., . 31,400 00 86,350 00 

Farm. & Mech. Nat'l Bank, Hart., . 12,200 00 14,640 00 

First National Bank, Hartford, . 17,200 00 21,500 00 

Hartford National Bank, Hart., . 55,600 00 75,060 00 

National Exchange Bank, Hart., . 2,000 00 2,480 00 

Phoenix National Bank, Hart, . 46,700 00 57,441 00 

State Bank, Hartford, . . . 10,000 00 12,500 00 

American Ex. Nat'l Bank, N. Y., . 20,000 00 58,000 00 

Bank of America, N. Y., . . . 15,000 00 80,250 00 

Bank of North America, N. Y., . 10,000 00 27,500 00 

Imp. & Trad. Nat'l Bank, N. Y., . . 30,000 00 180,000 00 

Manhattan Co. Bank, N. Y., . . 10,000 00 30,500 00 

Merchants' Nat'l Bank, N. Y., . 16,700 00 31,730 00 

Nat'l Bank of Commerce, N. Y., . 10,000 00 36,500 00 



315 shares 


300 


(t 


200 


11 


166 


(1 


100 


It 


314 


It 


122 


It 


172 


II 


556 


It 


40 


It 


467 


It 


100 


II 


200 


It 


150 


it 


100 


II 


300 


II 


200 


If 


334 


(1 


100 


it 



250 



HARTFORD FIRE INSURANCE CO. 



39 shares Atlantic Nat 1 ! Bank, Boston, 

125 " Boylston Nat'l Bank, Boston, 

100 " First National Bank, Boston, 
32 " Nat'l Bank of Commerce, Boston 

109 " Second National Bank, Boston, 
50 " First National Bank, Albany, 

150 " Bank of Montreal, Montreal, 
43| " Ontario Bank, Toronto, 

847 " Chic, Mil. & St. Paul R.R. Co., 
1,050 " Chic. & Northwestern R.R. Co., 

300 " Chic, Rock Is. & Pacific R R. Co. 
1,000 " Conn. & Pass. River R.R. Co., 
20 " Connecticut River R.R. Co, . 

575 " N.' Y. Cent. & Hud. River R.R. Co , 
1,875 " N. Y, N. H. & Hartford R.R. Co. 

500 " N. Y, Lack. & Western R.R. Co , 
30 " Union Pacific R.R, 
Alabama State bonds, .... 
Georgia State bonds, .... 

Mexico External gold bonds, . 
Virginia Century bonds, .... 
City of Toronto debenture bonds, . 
Montreal Corporation bonds, . 
Richmond, Va, city bonds, 
Albany & Susquehanna R.R. bonds, 
Baltimore & Ohio R.R. bonds, . 
Belt R.R. and Stock Yards bonds of Indiana , 
Brooklyn Union Elevated bonds, 
Canadian Pacific R.R. bonds, . 
Chesapeake & Ohio R.R. bonds, 
Chicago & Western Indiana R.R. bonds, . 
Chicago & Northwestern R.R. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Chicago & Great Western R.R bonds, 
Chicago, Milwaukee & St. Paul bonds, . 
Chicago & Erie R.R. bonds, 
Cincinnati, Dayton & Chicago bonds, 
Cin, Indianapolis, St. Lo. & Chic. R.R. bonds 
Cin, Hamilton & Dayton R.R. bonds, 
Cleve, Cin, Chicago & St. Louis bonds, . 
Cleve , Col, Cin. & Indianapolis R.R. bonds, 
Connecticut River R.R. bonds, . 
Central R.R. of New Jersey bonds, . 
Dayton & Michigan R.R. bonds, 
Detroit, Grand Rapids & Western bonds, 
Easton & Amboy R.R. bonds, . 
Harlem River & Port Chester R.R. bonds, 
Hartford Street R'y Co. bonds, 



Par Value. 

83,900 00 

12,500 00 

10,000 00 

3,200 00 

10,900 00 

5,000 00 

30,000 00 

4,333 33 

84,700 00 

105,000 00 
30,000 00 

100,000 00 
2,000 00 

57,500 00 

187,500 00 

50,000 00 

3,000 00 

10,000 00 

25,000 00 

108,640 00 
10,500 00 
39,906 66 
62,500 00 
52,500 00 
50,000 00 
50,000 00 
84,000 00 
75,000 00 
48,666 00 
75,000 00 

389,000 00 

331,000 00 
55,000 00 
43,000 00 

100,000 00 

100,000 00 
50,000 00 

119,000 00 
55,000 00 

270,000 00 
8,000 00 
1,000 00 

250,000 00 
60,000 00 
41,000 00 

150,000 00 
50,000 00 

100,CO0 00 



Market Value. 

84,758 00 

13,140 62 

17,500 00 

4,160 00 

19,919 75 

7,600 00 

78,000 00 

5,503 33 

148,641 12 

219,550 00 
45,450 00 

105,000 00 

5,600 00 

96,025 00 

397,500 00 

68,000 00 

2,700 00 

10,850 00 

26,500 00 

109,726 40 
10,185 00 
40,704 79 
67,500 00 
55,387 50 
55,437 50 
51,500 00 
96,600 00 
75,562 50 
55,965 90 
90,750 00 

461,745 00 

365,337 50 
59,900 00 
46,010 00 

125,000 00 

123,250 00 
51,000 00 

126,14" 00 
61,325 00 

277,000 00 

10,560 00 

1,000 00 

335,000 00 
66,600 00 
41,000 00 

172,500 00 
52,000 00 

106,000 00- 



HARTFORD FIRE INSURANCE CO. 



251 



Indianapolis & Vincennes R.R. bonds, 

Iowa Falls & Sioux City R.R. bonds, 

Jefferson R.R. bonds, 

Lehigh Valley R.R. bonds, 

Lehigh Valley R.R. of N. Y. bonds, 

Minneapolis Union R.R. bonds, 

Milwaukee, Lake Shore & Western R.R. b'ds 

North'n Pacific, Gt. North., C. B. & Q. bonds, 

Northern Pacific R.R. bonds, . 

North. Pac , St. Paul & Duluth Div. P. M. b'ds 

N. Y. Central & Hudson River R.R. bonds, 

N. Y., N. H. & Hartford R.R. certificates, 

Philadelphia & Reading R.R. bonds, 

Port Reading R.R. bonds, 

St. Paul & Northern Pacific R.R. bonds, . 

St. Louis, Iron Mt. & Southern U. & F. bonds 

St. Louis & San Francisco bonds, 

St. Louis Southern R.R. bonds, 

Southern Pacific R.R. of California bonds, 

Southern R'y Co , St. Louis Division, bonds, 

Terminal R'y Association of St. Louis bonds, 

Union Pacific R.R. bonds, 

Utah & Northern R.'R. bonds, . 

Wabash R R. bonds, .... 

West Shore R.R. bonds, . 

120 shares Connecticut River Co., . 

825 " New York Dock Co., 

500 " Northwestern Telegraph Co , 

New York Dock Co. bonds, 



Securities held as collateral for cash loans 

30 shares Chicago & Northwestern R.R. Co., 
64 " Billings & Spencer, . 



Par Value. 

§78,000 00 

100,000 00 

143,000 00 

310,000 00 

150,000 00 

50,000 00 

50,000 00 

200,000 00 

80,000 00 

100,000 00 

50,000 00 

75,000 00 

75,000 00 

50,000 00 

86,000 00 

100,000 00 

50,000 00 

50,000 00 

100,000 00 

100,000 00 

75,000 00 

50,000 00 

50,000 00 

60,000 00 

100,000 00 

12,000 00 

82,500 00 

25,000 00 

82,500 00 



Market Value. 

§90,480 00 

138,500 00 

150,865 00 

373,350 00 

165,750 00 

64,500 00 

63,500 00 

197,000 00 

84,600 00 

100,500 00 

51,500 00 

153,750 00 

94,125 00 

54,500 00 

112,660 00 

95,000 00 

58,500 00 

53,000 00 

110,000 00 

101,000 00 

86,250 00 

51,500 00 

58,750 00 

58,800 00 

115,000 00 

3,000 00 

33,000 00 

31,250 00 

75,900 00 



1,470,145 99 §8,132,555 91 

Market Value. Loaned Thereon. 

$7,050 00 §3,800 00 
2,048 00 1,000 00 



§9,098 00 §4,800 00 



Summary of Assets Dec. 31, 1901. 

Cash value of unencumbered real estate, . §942,500 00 

Loans on mortgage of real estate (first liens *) , 79^,200 00 

Interest due or accrued thereon, . . . 11,305 85 

Stocks, bonds, etc., as per schedule, . . . 8,132,555 91 

Loans on collateral security, as per schedule, . 4,800 00 

Cash in the office of the company, . . . 47,160 57 

Cash deposited in bank, 677,999 63 

Interest due and accrued, 47 72 



* Value of property mortgaged, $2,072,950 00 

Amount of insurance held as collateral, .... 600,70000 



252 



HARTFORD FIRE INSURANCE CO. 



Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 

Gross assets, 

Deduct special deposits in other States, . 



Balance, 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, ..... 



Surplus over capital, 

Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



$1,387,169 

1,483 

16,443 



53 

42 
29 



$12,014,665 92 
336,191 50 

$11,678,474 42 



$309,182 

723,618 

63,591 

6,805,180 
208,075 



26 
06 
01 
11 
43 



§8,109,646 
241,171 



87 
73 



- 7,868,475 14 

. |3,809,999 28 
. 1,250,000 00 

. $2,559,999 28 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Profit on sale of securities, 
Income from all other sources, 



Gross cash income, 



Expenditures. 



Cash paid for fire losses, .... 

Deduct reinsurance, 

■ 

Net cash paid for fire losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for loss on sale of securities, . 

for incidentals, 

Gross cash expenditures, . 



$1,506,7.03 
12,234,357 



41 
23 



$13,741,060 
' 1,387,169 



64 
53 



$12,353,891 
2,572,898 



11 
02 



sources, 



$9,780,993 09 

39,050 54 

323,468 08 

17,285 53 

2,333 50 

107 00 

$10,163,237 74 



$6,039,448 
391,815 



20 
34 



$5,647,632 86 

400,000 00 

1,726,534 83 

545,602 99 

214,256 40 

7,599 59 

1,221,207 65 

$9,762,834 32 



HOME INSURANCE CO. 



253 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$980,451,432 00 $11,043,562 33 
1,090,235,332 00 12,234,357 23 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



1,070,686,764 00 $23,277,919 56 
842,419,534 00 9,493,739 24 



81,228,267,230 00 $13,784,180 32 
18,455,939 00 234,233 74 



§1,209,811,291 00 $13,549,946 58 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company,- 
Dividends declared during the year (32 per cent.), 
Company's stock owned by directors, .... 



$123,740,818 00 
73,443,482 00 
5,684,066 00 
10,338,100 00 
400,000 00 
186,600 00 



"HOME INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April, 1853. Commenced business April 13, 1853.] 
Paid-up Capital, $3,000,000. 



JOHN H. WASHBURN, President. 



A. M. BURTIS, 
TVM. H. CHENEY, 



Detailed Statement of Stocks and Bonds, 

Par Value. 

District of Columbia bonds $1,000,000 00 

United States bonds, 600,000 00 

New York city bonds, 1,000,000 00 

City of Richmond, Va., bonds, .... 50,000 00 

State of Georgia bonds, 25,o00 00 

Northern Pacific, Great Northern joint bonds, 600,000 00 

N. Y., Chic. & St. Louis R.R. Co. bonds, . . 112,000 00 

Ohio & West Virginia R'y Co. bonds, . . 100,000 00 

Cleve., Col., Cin & Indianap. R.R. bonds, . 100,000 00 

Louisville, New Albany & Chic. R'y bonds, . 100,000 00 

West Shore R'y bonds 100,000 00 

Jeffersonville, Madison & Ind. R.R. Co. bonds, 53,000 00 

Virginia Midland R'y Co bonds, . . . 50,000 00 

Cleve. Term. & Valley R.R. Co. bonds, . . 50,000 00 

Louisville, Hend & St Louis R'y Co. bonds, . 25.000 ('0 

Union Pacific R.R. bonds 20,000 00 

Standard (ias Light Co. bonds, . . . 50,000 00 

Des Moines Water Works Co. bonds, . . 50,000 00 

Denver Union Water Co. bonds, . . . 48,<j00 00 



Secretaries. 



Market Value. 

$1,250,000 00 

822,000 00 

1,032,000 00 

56,000 00 

26,000 00 

570,000 00 

119,840 00 

116,000 00 

130,000 00 

115,000 00 

111,000 00 

58,300 00 

56,000 00 

47,500 00 

26,500 00 

21,200 00 

57,500 00 

43,000 00 

45,120 00 



254 



HOME INSURANCE CO. 



15,000 shares Pennsylvania R.R., 

5,000 " Morris & Essex R.R. Co., . 

3,000 " Baltimore & Ohio R.R. Co., 

3,000 " Southern R'y Co., 

3,000 " Louisville & Nashville R'y Co., 

2,650 " United N. J. R R. & Canal Co., 

2,500 " Pitts., Ft. W. & Chic. R'y Co., 

4,500 " Chic., Mil. & St. Paul R'y Co., 

2,000 " Northern Pacific Railway, . 

2,000 " Baltimore & Ohio R.R., 

2,000 " Cleveland & Pitts. R.R. Co., 

1,000 " Ch., St. P., Minn. & Om. R'y Co 

1,000 " Ft. Wayne & Jack. R.R. Co., 

1,000 " Rensselaer & Saratoga R.R., 

1,000 " Connecticut River R.R. Co., 

1,000 " Chic. & Northwestern R'y Co., 

1,000 " Northern R.R. of New Jersey, 

1,000 " Valley R.R. Co., . 

1,000 " N. Y., N. Hav. & Hart. R.R. Co. 

1,000 " Atch., Top. & Santa Fe R'y, 

1,000 " Union Pacific R.R., . 

500 " Consolidated Gas Co. of N. Y., 

200 " Amer. Exc. Nat 1 ] Bank of N. Y. 

200 " Mercantile Nat'l Bank of N. Y., 

200 " National Bank of Com. in N. Y. 

200 " Fourth National Bank of N. Y., 

200 " Manhattan Company, N. Y., 

200 " Mer. Exc. Nat'l B'k of N. Y., 

200 " Nassau Bank, 

200 " Chatham Nat'l Bank of N. Y., 

100 " Bank of America, N. Y., . 

200 " Franklin Trust Co., Brooklyn, 

50 " Metropolitan Trust Co., 

150 " Long Island Loan & Tr. Co., 



Par Value. 

i,000 00 

250,000 00 

300,000 00 

300,000 00 

300,000 00 

265,000 00 

250,000 00 

450,000 00 

200,000 00 

200,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

50,000 00 

20,000 00 

20,000 00 

20,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00 

10,000 00 

20,000 00 

5,000 00 

15,000 00 



Market Value. 

81,102,500 00 

475,000 00 

279,000 00 

270,000 00 

309,000 00 

728,750 00 

475,000 00 

782,500 00 

200,000 00 

208,000 00 

190,000 00 

190,000 00 

140,000 00 

200,000 00 

260,000 00 

225,000 00 

95,000 00 

120,000 00 

210,000 00 

100,000 00 

85,000 00 

107,500 00 

52,000 00 

51,000 00 

70,000 00 

47,000 00 

30,000 00 

13,000 00 

18,000 00 

16,000 00 

50,000 00 

60,000 00 

23,750 00 

39,000 00 



$8,713,000 00 $11,924,960 00 



Summary of Assets Dec. 31, 1901.* 
Cash value of unencumbered real estate, . $1,633,892 06 

Loans on mortgage of real estate (first liens f), 128,750 00 
Interest due or accrued thereon, . . . 2,587 00 

Stocks and bonds, as per schedule, . .. . 11,924,960 00 

* The company hold6 also instalment premium notes to the amount of $995,394.57, which 
do not enter into or form any part of the assets of the company, as no portion of them ia 
earned. Whatever value is attached to them would necessarily be counterbalanced by 
the addition of an amount exactly equal to the reinsurance liability, the entire sum con- 
sisting of " unearned premiums." 

t Value of lands mortgaged S16S.950 00 

Value of buildings thereon 144,900 00 

Amount of insurance held as collateral, .... 125,300 00 



HOME INSURANCE CO. 



255 



■Cash deposited in bank, 

Interest due and accrued, 

Premiums in course of collection (gross), 
Notes taken for fire, marine and inland risks,. 
Prems. more than three mos. due, $14,881 33 

Gross assets,* 

Deduct special deposits in other States, . 



$743,517 01 

51,076 04 

770,905 37 

182 25 



$15,255,869 73 
144,500 00 



Balance, $15,111,369 73 

Liabilities. 

Losses adjusted, unpaid, . 



claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance, .... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1900, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 



$179,537 00 
1,170,449 05 
68,187 65 



$1,418,173 70 
646,533 02 



$77 1,640 68 

5,060,677 00 

61,676 78 

455,532 39 

16,805 34 

^6,366,332 19 
129,211 45 



6,237,120 74 

. $8,874,248 99 

. 3,000,000 00 

. $5,874,248 99 



$908,729 04 
8,524,049 00 

$9,432,778 04 
647,196 10 

$8,785,581 94 
2,845,922 46 

$95,248 04 
561,216 69 

$656,464 73 
138,772 85 

$517,691 88 
286,823 23 



$5,939,659 48 



230,868 65 



* Including $1,500,000 special reserve held under New York laws. 



256 



HOME INSURANCE CO. 



Interest received on mortgages, .... 
Interest and dividends received from all other sources, 

Income from rents, 

Income from profit and loss account, 



Gross cash income, 



#8,954 91 
427,050 8a 
197,187 20 

57,168 09 

$6,860,889 13 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for profit and loss account, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



$4,378,098 
1,405,520 



80 
16 



$2,972,578 64 



$280,819 
174,725 



81- 
76 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



§1,085,857,297 00 
923,613,699 00 



106,094 05 
390,000 00 
1,037,663 1£ 
409,784 90 
183,630 85 
89,213 89 
479,316 80 

$5,668,282 32 

Premiums. 

$9,946,750 00 
8,524,049 00 



$2,009,470,996 00 $18,470,799 00 
836,633,728 00 7,438,992 00 



$1,172,837,268 00 $11,031,807 00 
209,645,118 00 1,635,100 CO 



$963,192,150 00 $9,396,707 00 



$19,451,706 00 
69,208,374 00 



$540,192 00 
561,216 69 



$88,660,080 00 $1,101,408 69 
69,521,264 00 582,450 69 



$19,138,816 00 $518,958 00 
5,768,791 00 151,939 00 



$13,370,025 00 $367,019 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fi re losses incurred during the year, 
.Marine and inland losses incurred during the year, 

i dividends declared from organization of company 
Dividends declared during the year (13 per cent.), 
Company's stock owned by directors, 



$139,993,258 00 
82,425,949 00 
3,281,941 00 
181,113 00 
11,605,000 00 
390,000 00 
146,500 00 



HOME FIRE AND MARINE INSURANCE CO. 



257 



"HOME FIRE AND MARINE INSURANCE COMPANY OF 
CALIFORNIA," SAN FRANCISCO, CAL. 

[Incorporated September, 1864. Commenced business 1864.J 

Paid-up Capital, $300,000. 

WM. J. DUTTON, President. STEPHEN D. IVES, Secretary. 



Detailed Statement of Stocks 



Dalles City (Ore.) Water Co. bonds, 

Market St. Railway Co. bonds, 

Oakland Gas & Elec. Heat Co. bonds, 

Stockton Gas & Electric Co. bonds, . 

The Omnibus Cable Co. bonds, 

San Francisco & North Pacific R.R. Co. bonds 

Spring Valley Water Co. bonds, • . 

Sunset Telephone & Telegraph Co. bonds, 

San Fran. & San Joaquin Valley R'y Co. b'ds 

Northern Railway Co. of Cal. bonds, 

Presidio & Ferries R.R. bonds, 

The Southern Pacific R.R. Co. of Arizona b'ds 

Northern California Railway Co. bonds, 

Los Angeles Railway Co. bonds, 

Sunset Telephone & Telegraph Co. bonds, 

American Hawaiian S. S. Co. bonds, 

Edison Elec. Light Co. (Los Angeles) bonds, 

San Francisco Dry Dock Co. bonds, 

Bay Counties' Power Co. bonds, 

Southern Pacific Branch bonds, 

North Pacific Coast R.R. Co. bonds, 

Republic of Hawaii (Guaranteed) bonds, 

50 shares Far. & Merch. Sav. B'k, Oak., Cal 

25 ' 
200 ' 

20 ' 
490 
270 
100 
150 

64 

34 

100 

5 



Bank of California, San Francisco 
Oak. Gas Light & H. Co., Oak., Cal. 
First National Bank, San Francisco 
San Fran. G. & Elec. Co., San Fran. 
Market St. R'y Co., San Francisco, 
San Jose Water Co., San Jose, Cal. 
Spring Valley W. Works, San Fran. 
California St. Cable R.R. Co., 
Anglo-Cal. B'k, lim., San Fran., Cal. 
Presidio & Ferries R.R. Co., . 
Sutter St. R'y Co., San Francisco, 



and Bonds. 

Par Value. 

$ 10,000 00 

44,000 00 

14,000 00 

10,000 00 

10,000 00 

21,000 00 

10,000 00 

10,000 00 

25,000 00 

10,000 00 

11,000 00 

15,000 00 

5,000 00 

39,000 00 

26,000 00 

10,000 00 

5,000 00 

20,000 00 

10,000 00 

7,000 00 

20,000 00 

10,000 00 

5,000 00 

2,500 00 

14,000 00 

2,000 00 

49,000 00 

13,500 00 

10,000 00 

15,000 00 

3,840 00 

1,700 00 

5,500 00 

500 00 



Market Value. 

$10,800 00 
53,900 00 
15,890 00 
10,300 00 
13,000 00 
24,150 00 
11,200 00 
11,800 00 
30,625 00 
11,300 00 
11,110 00 
17,025 00 

5,625 00 
46,215 00 
28,600 00 
10,500 00 

5,000 00 
22,000 00 
10,850 00 

9,555 00 
21,450 00 
10,000 00 

6,000 00 
10,500 00 
10,300 00 

6,500 00 
20,090 00 
24,300 00 
10,500 00 
12,900 00 

9,600 00 

2,720 00 

3,500 00 
500 00 



1464,540 00 $508,305 00 



258 



HOME FIRE AND MARINE INSURANCE CO. 



Securities held as collateral for cash loans : — 

600 shares Sutter St. R.R. Co., 

20 " California Title Ins. & Trust Co., . 

50 " Kahuka Plantation Co., . 
Southern Pacific R.R. Co. of California bonds, 



Market Value. Loaned Thereon. 



$ 60,000 00 
1,600 00 
3,200 00 
2,260 00 



$37,000 00 
1,000 00 
1,000 00 
1,000 00 



$65,060 00 $40,000 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



$140,250 00 

232,985 00 

1,549 40 

508,305 00 

40,000 00 

18,684 33 

92,747 43 

144 00 

145,658 70 



£1,180,323 86 
50,800 00 



Balance $1,129,523 86 

Liabilities. 

Losses adjusted, unpaid, $8,749 13 

claimed and reported, .... 25,585 80 

disputed or resisted, .... 3,750 00 

Total amount of losses, $38,084 93 

Less reinsurance, 5,379 89 

Net amount of unpaid losses, .... $32,705 04 

Unearned premiums on outstanding risks, . 481,475 31 

Commissions and brokerage, .... 20,964 50 

Reinsurance disallowed, 9,937 67 

Miscellaneous, 1,526 69 

Gross liabilities, except capital, . . $546,609 21 

Deduct liability on special deposits, . . . 19,700 49 

$526,908 72 



Surplus as regards policy holders, $602,615 14 

Paid-up capital, 300,000 00 

Surplus over capital, $302,615 14 

* Value of lands mortgaged $437,200 00 

Value of buildings thereon, 172,000 00 

Amount of insurance held as collateral, .... 100,100 00 



HOME FIRE AND MARINE INSURANCE CO. 



259 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, .. 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1900, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



$93,609 64 
869,731 24 

|963,340 88 
131,726 63 

$831,614 25 
221,818 62 

$14,546 59 
107,056 84 

$121,603 43 
13,932 07 

107,671 36 
19,365 36 



sources, 



|609,795 63 



$88,306 00 

18,413 93 

19,478 26 

6,855 75 

$742,849 57 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$340,747 61 

59,643 77 

$74,727 89 

1,518 89 



$281,103 84 



$73,209 00 
36,000 00 

120,918 10 
80,727 30 
13,540 61 
40,189 92 

$645,688 77 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

. $57,300,204 00 $747,838 32 
. 63,242,990 00 869,731 24' 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$120,543,194 00 $1,617,569 56 
. 50,269,815 00 677,867 18 



. $70,273,379 00 $939,702 38 
. 6,628,026 00 99,856 19 



,645,353 00 $839,846 19 



260 



HOPE MUTUAL FIRE INSURANCE CO. 



Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



, $2,043,555 00 
11,596,269 00 

$13,639,824 00 
11,962,669 00 

$1,677,155 00 
93,650 00 



Premiums. 

$56,132 37 
107,056 84 

$163,189 21 
111,142 28 

$52,046 93 
5,558 40 



$1,583,505 00 $46,488 53 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent), 
Company's stock owned by directors, .... 



$11,751,940 00 

5,523,395 00 

284,864 00 

67,663 00 

1,092,500 00 

36,000 00 

1,400 00 



"HOPE MUTUAL FIRE INSURANCE COMPANY/' 
PROVIDENCE, R. I. 

[Incorporated March, 1875. Commenced business April, 1875.] 
LEWIS T. DOWNES, President. JOSEPH T. DAY, Secretary. 



Detailed Statement of Stocks 



200 shares Chicago & Northwestern R.R., 
132 ' 

294 ' 

150 •' 

70 * 

100 • 



' Chicago, Rock Is. & Pacific R.R., 
' Pennsylvania R.R., . 

• Illinois Central R.R., 
' Rensselaer & Saratoga R.R., . 

• Union Gas & Electric Co., 

N. Y., West Shore & Buffalo R.R. bonds, 
Northern Pacific-Gt. Northern R'v bonds, 



and Bonds. 

Par Value. 

$20,000 00 
13,200 00 
14,700 00 
15,000 00 
7,000 00 
10,000 00 
2,000 00 
22,000 00 



Market Value. 

841,200 00 
20,196 00 
22,050 00 
15,975 00 
15,155 00 
10,000 00 
2,280 00 
21,790 00 



$103,900 00 $148,646 00 



Summary of Assets Dec. 31, 1901. 



Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash loans, .... 

in the office of the company, 

deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 



$8,000 00 

100 00 

148,646 00 

43,227 62 

1,051 11 

21,305 24 

1,911 29 

9,006 90 



$233,248 16 



• Value of property mortgaged, . 
Amount of insurance held as collateral, 



| a, '260 00 
6,000 00 



HOPE MUTUAL FIRE INSURANCE CO. 



261 



Liabilities. 

Losses adjusted, unpaid, $732 63 

Losses claimed and reported, .... 13,608 69 

Unearned premiums on outstanding risks, . 125,722 57 

State and local taxes, 4,952 53 

Gross liabilities, 

Net cash assets, . 

Income. 

Premiums outstanding Dec. 31, 1900, . . $4,835 41 

Premiums on risks written or renewed, . . 266,823 19 

Total, $271,658 60 

Premiums now in course of collection, . . 9,006 90 

Entire premiums collected, .... $262,651 70 
Less reinsurance and return premiums, . . 16,423 28 

Net cash premiums received, .... 

Received for extra premiums, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 

Expenditures. 

Cash paid for losses, $89,574 08 

Deduct salvage, 127 52 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 

for salaries of officers and employees, 

for State and local taxes, 

for rents, .... 

for inspections, 

for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1900, $29,818,243 00 $263,396 65 
Risks written during 1901, . 31,222,169 00 266,823 19 



$145,016 42 



,231 74 



$246,228 42 

1,398 26 

400 00 

8,784 06 

$256,810 74 



Total, $61,040,412 00 $530,219 84 

Risks terminated during 1901, . 32,311,438 00 278,774 71 



1,446 56 
187,205 06 
8,300 00 
5,621 16 
878 00 
5,054 02 
3,049 98 

$299,554 78 



Conting't Prem's. 

$1,316,983 25 
1,334,115 95 

$2,651,099 20 
1,393,873 55 



In force at end of year, 



$28,728,974 00 $251,445 13 $1,257,225 65 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 71.22 per cent. 



$102,219 00 



262 



INDEMNITY FIRE INSURANCE CO. 



"INDEMNITY FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated 1897. Commenced business Oct. 1, 1898.] 

Paid-dp Capital, $200,000. 

J. MONTGOMERY HARE, President. J. H. BURGER, { secretaries 

H. B. ANTHONY, 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
New York city loan, 
New York State loan, 
Norfolk & Western R'y stock, . 
Southwestern R.R. Co. of Georgia stock, 
Twin City Rapid Transit R'y Co. stock, 
Allegheny & Western R'y stock, 
Union Pacific R'y Co. stock, 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 
Prem's more than three mos. due, $ 1,145 68 
Gross assets, 

Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, 



Par Value. 

$100,000 00 
100,000 00 
25,000 00 
30,000 00 
10,000 00 
10,000 00 
5,000 00 
40,000 00 



Market Value. 

$108,750 00 
99,656 25 
26,000 00 
27,450 00 
11,500 00 
15,700 00 
6,250 00 
35,500 00 



$320,000 00 $330,806 25 

31, 1901. 

$330,806 25 

150 15 

19,290 91 

2,350 00 

25,566 43 

1 51 

$378,165 25 



$10,946 26 
8,054 03 
2,100 00 

$21,100 29 
4,564 78 

$16,535 51 
114,796 22 
1,205 97 
1,533 12 
5,462 07 
1,872 52 



141,405 41 

$236,759 84 
200,000 00 

$36,759 84 



INDEMNITY FIRE INSURANCE CO. 



263 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



$26,774 65 
275,257 63 



Total, $302,032 28 

Premiums now in course of collection, . . 26,712 11 



Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 
Profit on sale of stocks and bonds, . 



$275,320 17 
92,743 09 



$182,577 08 

7,867 28 

15,335 25 



Gross cash income, $205,779 61 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$165,447 08 
33,017 32 



Gross cash expenditures, 



$132,429 76 

37,183 71 

15,208 54 

3,528 80 

15,738 27 

$204,089 08 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . . $17,062,535 00 $190,949 37 
Fire risks written during 1901, . . . 23,562,780 00 275,257 63 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$40,625,315 00 $466,207 00 
17,398,864 00 199,642 18 



$23,226,451 00 $266,564 82 
3,869,678 00 50,319 99 



. $19,356,773 00 $216,244 83 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$408,497 00 

236,794 00 

133,526 00 

3,500 00 



264 



THE INDIANAPOLIS FIRE INSURANCE CO. 



"THE INDIANAPOLIS FIRE INSURANCE COMPANY/' 
INDIANAPOLIS, IND. 

[Incorporated July 12, 1899. Commenced business Sept. 1, 1899.] 

Paid-up Capital, $200,000. 

JOHN H. HOLLIDAY, President. JOHN M. SPAHH, Secretary. 



United States bonds, 
Shelby County, Indiana, bonds, 
Anderson, Ind., city bonds, 
Vincennes, Ind., city bonds, 
Brazil, Ind , city bonds, . 
Irvington, Ind., city bonds, 



Detailed Statement of Bonds. 

Par Value. 
|50,000 00 

10,000 00 
24,500 00 



11,000 00 
3,000 00 
8,000 00 



Market Value. 

154,250 00 

10,964 00 

27,223 35 

11,498 30 

3,160 20 

8,294 40 



$106,500 00 $115,390 25 



Summary of Assets Dec. 31, 1901. 

Loans on mortgage of real estate (first liens *), $208,785 00 

Interest due or accrued thereon, . . 3,636 31 

Bonds, as per schedule, 115,390 25 

Cash in the office of the company, . . . 5,871 00 

Cash deposited in bank, 23,287 36 

Interest due and accrued, 681 32 

Premiums in course of collection (gross), . 15,442 68 

Gross assets, $373,093 92 



Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$4,065 18 
2,973 00 

71,486 68 
2,573 78 
1,529 78 
5,410 33 



88,038 75 

£285,055 17 
200,000 00 



Surplus over capital, $85,055 17 

* Value of lands mortgaged 1422,125 00 

Value of buildings thereon, 243,200 00 

Amount of insurance held as collateral, .... 172,29000 



THE INDIANAPOLIS FIRE INSURANCE CO. 



265 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



$7,302 31 
145,684 85 



Total $152,987 16 

Premiums now in course of collection, . . 12,868 80 



Entire premiums collected, .... $140,118 36 
Less reinsurance and return premiums, . . 26,812 94 

Net cash fire premiums received, . . . $113,305 42 

Interest received on mortgages, 8,322 02 

Interest and dividends received from all other sources, . . 4,238 40 

Profit on sale of bonds, 4,312 50 



Gross cash income, $130,178 34 



Expenditures. 

Cash paid for fire losses, $45,638 32 

Deduct reinsurance, 7,172 68 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, .... 

for salaries of officers and employees, . 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, 



$38,465 64 

23,484 61 

11,177 00 

5,035 31 

6,965 78 

$85,128 34 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . . $4,673,332 00 $53,699 97 
Fire risks written during 1901, . . . 11,608,787 00 145,641 35 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$16,282,119 00 $199,341 32 
5,838,570 00 61,967 58 



$10,443,549 00 $137,373 74 
822,104 00 10,955 54 



),621,445 00 $126,418 20 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$195,372 00 
64,373 00 
52,594 00 
18,300 00 






266 



THE INSURANCE CO. OF NORTH AMERICA. 



" PRESIDENT AND DIRECTORS OF THE INSURANCE COMPANY 
OF NORTH AMERICA," PHILADELPHIA, PA. 

[Incorporated April 14, 1794. Commenced business as an association in 1792.] 
Paid-up Capital, $3,000,000. 
CHARLES PLATT, President. GREVILLE E. FRYER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Territory of New Mexico bonds, . . . £2,000 00 $2,360 00 

Georgia State loan, 25,000 00 28,250 00 

Grant County, New Mex., bonds, . . . 8,000 00 8,000 00 

Boston, Mass., city bonds, .... 112,000 00 123,200 00 

Baltimore, Md., city bonds 200,000 00 200,000 00 

County of Colfax, New Mex., bonds, . . 100 00 100 00 

City of Columbus, O., bonds, .... 25,000 00 25,500 00 

Cincinnati city bonds 20,000 00 20,300 00 

City of Portland, Ore., bonds 50,000 00 60,000 00 

Richmond, Va., city bonds 53,000 00 56,180 00 

City of Montreal, Can., bonds 111,000 00 124,320 00 

Toledo, O., water works bonds, . . . 1,000 00 1,020 00 

City of Raton, New Mex., bonds, ... 200 00 200 00 

County of Delaware, Pa., bonds, . . . 50,000 00 50,500 00 

Atchison, Topeka & Santa Fe R'y bonds, . 100,000 00 103,000 00 

Baltimore & Ohio R.R. bonds, .... 190,000 00 183,200 00 

Belt R.R. & Stockyard Co. bonds, . . . 50,000 00 56,000 00 

Bergen pounty R.R. bonds, .... 50,000 00 56,000 00 

Baltimore & Potomac R.R. bonds, . . 5,000 00 5,900 00 

Cleveland, Lorain & Wheeling R'y bonds, 50,000 00 59,000 00 

Cincinnati, Hamilton & Dayton R.R. bonds, . 50,000 CO 55,000 00 

Camden & Atlantic R.R. bonds, . . . 50,000 00 52,500 00 

Chic, St. Louis & New Orleans R.R. bonds, . 50,000 00 50,000 00 

Chicago, Rock Island & Pacific R'y bonds, . 100,000 00 107,000 00 

Chicago & Erie R.R. bonds, .... 50,000 00 60,500 00 

Chicago & Western Indiana R R. bonds, . . 18,000 00 19,620 00 

Choc, Oklahoma & Gulf R.R. bonds, . . 100,000 00 110,000 00 

Choctaw & Memphis R.R. bonds, . . . 50,000 00 57,500 00 

Delaware River R.R. & Bridge Co. bonds, . 50,000 00 54,000 00 

Delaware & Chesapeake R'y bonds, . . 100,000 00 100,000 00 

Empress Elizabeth R'y of Austria bonds, . 40,000 00 40,000 00 

Erie R.R. bonds, 125,000 00 125,000 00 

Jefferson R.R. bonds, 39,000 00 40,950 00 

Lehigh Coal & Navigation Co. bonds, . . 100,000 00 106,000 00 

Lehigh Valley R.R. bonds, .... 50,000 00 53,000 00 

Lehigh Valley R'y bonds, .... 50,000 00 54,000 00 

Lehigh Valley Terminal R'y bonds, . . 40,000 00 46,400 00 

Louisville & Nashville R.R. bonds, . . . 54,000 00 60,480 00 



THE INSURANCE CO. OF NORTH AMERICA. 



267 



McKeesport & Bell Vernon R.R. bonds, . 
N. Y., Lake Erie & Western R.R. bonds, 
N Y , Philadelphia & Norfolk R.R. bonds, 
Norfolk & Western R'y bonds, 
North Pennsylvania R.R. bonds, 
Northern Central R'y bonds, 
Northern Pacific R'y bonds, 
Pennsylvania R.R. bonds, 
Pennsylvania & N. Y. Canal & R.R. bonds, 
Philadelphia & Baltimore Cent. R.R. bonds, 
Philadelphia & Erie R.R. bonds, 
Philadelphia & Reading R.R. bonds, 
Pitts., McKeesport & Yough. R.R. bonds, 
Read. Co. & Phil. & Read. C'l & Pn Co. bonds 
San Antonio & Aransas Pass R'y bonds, . 
Steubenville & Indiana R.R. bonds, 
Terminal R.R. Association of St. Louis bonds 
Texas & Pacific R.R. bonds, 
Tioga R.R. bonds, 
Union Pacific R.R. bonds, . 
West Shore R.R. bonds, . 
Western N. Y. & Penn. R'y bonds, 
Wilmington & Weldon R.R. bonds, 
Consolidated Traction Co., N. J., bonds, . 
Equitable Illuminating Gas Light Co. bonds, 
Prospect Brewing Co. bonds, . 
Car Trust of N. Y. bonds, 
Belgian government fund bonds, . , 
Jersey City, Hoboken & Pater. St. R'y bonds, 
Lehigh Valley Traction Co. bonds, . 
New York Dock Co. bonds, 
100 shares Philadelphia National Bank, 



70 

500 

100 

1,000 

1,000 

165 



Philadelphia Bourse, . 
North Penn. R.R. Co., . 
Del. & Bound Brook R.R., . 
Philadelphia Traction Co., . 
United Gas Improvement Co., 
New York Dock Co., . 



Par Value. 

$20,000 00 

200,000 00 

50,000 00 

150,000 00 

5,000 00 

8,000 00 

200,000 00 

50,000 00 

75,000 00 

100,000 00 

150,000 00 

200,000 00 

50,000 00 

150,000 00 

21,000 00 

200,000 00 

40,000 00 

18,000 00 

5,000 00 

150,000 00 

25,000 00 

100,000 00 

50,000 00 

100,000 00 

150,000 00 

25,000 00 

2,000 00 

49,000 00 

50,000 00 

50,000 00 

16,500 00 

10,000 00 

2,750 00 

25,000 00 

10,000 00 

50,000 00 

50,000 00 

16,500 00 



Market Value. 

$25,000 00 

234,000 00 
51,500 00 

154,500 00 
5,850 00 
8,560 00 

210,000 00 
56,000 00 
77,000 00 

105,000 00 

181,500 00 

214,000 00 
70,000 00 

147,000 00 
18,480 00 

230,000 00 

46,400 00 

18,900 00 

5,250 00 

157,500 00 
28,750 00 

100,000 00 
52,500 00 

111,000 00 

162,000 00 
25,000 00 
2,040 00 
49,000 00 
40,000 00 
46,500 00 
15,675 00 
27,200 00 
950 00 
54,000 00 
20,700 00 
98,000 00 

116,000 00 
8,250 00 



$4,842,050 00 $5,328,985 00 



Securities held as collateral for cash loans : ■ 

100 shares Cambria Iron Co , . 
50 " Calumet & Hecla Mining Co., 
100 " Consolidated Lake Superior Co., . 
600 " Consolidated Traction Co. of N. J., 
100 " Metropolitan Street R'y Co., . 



Market Value. 

84,825 00 
31,000 00 
6,675 00 
40,500 00 
16,100 00 



} 



Loaned Thereon. 

$2,500 00 
25,000 00 

50,000 00 



$99,100 00 $77,500 00 



268 



THE INSURANCE CO. OF NORTH AMERICA. 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for fire, marine and inland risks, 
Reinsurance due on losses paid, 

Gross assets, 

Deduct special deposits in other States, . 

Balance, 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 

Total amount of losses, .... 
Less reinsurance and salvage, . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Miscellaneous, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



£858,462 90 
1,447,623 80 

10,543 05 
5,328,985 00 

77,500 00 
1,147,601 51 
1,307,206 60 

40,128 74 
6,606 62 



$10,224,658 22 
262,160 00 

. £9,962,498 22 



£183,686 99 

604,856 70 

37,256 31 

£825,800 00 
109,300 00 

£716,500 00 

3,959,922 00 

769,243 60 

36,000 00 

27,458 56 

22,988 61 

85,532,112 77 
157,180 16 



5,374,932 61 

*4,587,565 61 
3,000,C00 00 

£1,587,565 61 



£740,209 84 

6,018,554 72 

£6,758,764 56 

1,049,184 64 

$5,709,579 92 

1,220,832 96 



£4,488,746 96 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$1,690,331 00 
1,S6-2,S99 00 
1,391,8SS 00 



THE INSURANCE CO. OF NORTH AMERICA. 



269 



Marine premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, . 

from profit on sale of securities, 

from all other sources, 
Deposits received for perpetual fire risks, 

Gross cash income, .... 



$306,907 16 
2,152,564 31 

$2,459,471 47 
298,150 70 

$2,161,320 77 
414,724 42 



sources, 



$20,136 77 



$1,746,596 35 

88,995 12 

230,877 03 

38,252 20 

25,249 93 

1,660 00 



1,620,377 59 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of oflScers and employees, 

for State and local taxes, 

for expense on real estate, 

for incidentals, .... 

Deposits returned on perpetual fire risks, 

Gross cash expenditures, .... 



$3,061,524 56 
247,205 31 

$1,351,709 42 
370,451 48 



$16,577 28 



>,814,S19 25 



981,257 94 
360,000 00 
1,265,586 42 
398,292 81 
162,468 04 
18,635 08 
307,265 23 



. $6,307,824 77 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$709,421,823 00 
578,469,994 00 

$1,287,891,817 00 
623,714,461 00 

$664,177,356 00 
40,716,817 00 

$623,460,539 00 



Perpetual risks in force (not incl'd above), $33,504,813 00 



Premiums. 

$6,753,403 87 
6,018,554 72 

$12,771,958 59 
5,314,647 03 

$7,457,311 56 
435,922 57 

$7,021,388 99 

$846,217 72 



270 



KINGS COUNTY FIRE INSURANCE CO. 



Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



Premium!. 

|5,245,841 00 $235,708 40 
362,058,660 00 2,152,564 31 



$367,304,501 00 12,388,272 71 
362,052,474 00 2,076,021 46 



$5,252,027 00 $312,251 25 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 



1155,079,788 00 

107,964,429 00 

2,957,997 00 

995,758 00 

15,253,934 00 

360,000 00 

88,110 00 



"KINGS COUNTY FIRE INSURANCE COMPANY,' 1 NEW YORK, 

N. Y. 

[Incorporated Oct. 21, 1858. Commenced business Oct. 21, 1858.] 

Paid-up Capital, $200,000. 

FRANK LOCK, President. CHRIS J. WOLF, Secretai-y. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

§180,000 00 $ 195,525 00 
10,000 00 7,500 00 

34,000 00 74,460 00 



New York city bonds, 

Tenth & Twenty-third Sts. Ferry Co. stock, . 
Consolidated Gas Co. of New York stock, 



$224,000 00 $277,485 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 
Prems. more than three mos. due, $138 24 
Gross assets, 



$70,000 00 

10,100 00 

85 17 

277,485 00 

2,046 14 

3,160 92 

883 06 

35,290 13 

392 65 

28 34 



$399,471 41 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$13,400 00 
11,700 00 
12,000 00 



KINGS COUNTY FIRE INSURANCE CO. 



271 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, 
Commissions and brokerage, . 
Return premiums and reinsurance, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



$718 38 

15,382 00 

875 00 

$16,975 38 
1,367 00 

$15,608 38 

82,158 27 

219 60 

9,209 47 

5,256 17 

8 55 



$112,460 44 

$287,010 97 
200,000 00 



Surplus over capital, $87,010 97 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, . . . ... 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums novv in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

from profit on sale of securities, . 

from all other sources, 



$22,449 72 
293 23 

$22,156 49 
191,727 23 

$213,883 72 
35,428 37 

$178,455 35 
48,797 03 



sources, 



$129,658 32 

511 00 

12,184 32 

3,168 60 

7,440 62 

219 60 






Gross cash income, $153,182 46 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 



$93,680 21 
18,199 34 



$75,480 87 
10,000 00 



272 



LAFAYFTTE FIRE INSURANCE CO. 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for repairs on real estate, 

for incidentals, 

Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $15,590,777 00 
. 22,326,098 00 

. |37,916,875 00 
. 19,137,740 00 

. f 18,779,135 00 
. 1,838,042 00 



$28,500 28 

7,227 00 

6,103 94 

228 42 

9,627 82 

1137,168 33 



Premiums. 

|132,091 00 
191,727 23 

$323,818 23 
151,930 84 

$171,887 39 
18,836 24 



.$16,941,093 00 f 153,051 15 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, .... 



$3,174,514 00 

1,507,319 00 

82,574 00 

800,263 00 

10,000 00 

7,340 00 



"LAFAYETTE FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated Feb. 10, 1897. Commenced business Feb. 11, 1897.] 

Paid-up Capital, $200,000. 

ALLEN W. ADAMS, President. EDWARD H. BETTS, Secretary. 



United States bonds, 

New York city bonds, 

Union Pacific R.R. bonds, 

St. Louis Southwestern R'y bonds, 

Baltimore & Ohio R.R. bonds, . 



Detailed Statement of Bonds. 

Par Value. 

$160,000 00 
90,000 <5o 
15,000 00 



15,000 00 
10,000 00 



Market Value. 

$203,200 00 
97,800 00 
16,050 00 
14,550 00 
10,300 00 



f290,00O 00 $341,900 00 



Summary of Assets Dec. 31, 1901. 
Bonds, as per schedule, $341,900 00 



Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



64,627 03 

3,158 33 

108,671 90 



f518,357 26 



LAFAYETTE FIRE INSURANCE CO. 



273 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$24,946 64 

250,593 84 

27,167 97 

1,399 67 

816 77 



$304,924 89 

$213,432 37 
200,000 00 

$13,432 37 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



,115 21 
3,315 52 

$42,799 69 
581,520 13 



Total, $624,319 82 

Premiums now in course of collection, . . 108,671 90 



Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 



$515,647 92 
106,968 18 



$408,679 74 
9,599 13 



Gross cash income, . . . . _ . . . . $418,278 87 

Expenditures. 

Cash paid for fire losses, $234,687 48 

Deduct salvage and reinsurance, . . . 9,157 66 

Net cash paid for fire losses, .... 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$24,589,692 00 
. 46,942,914 00 

.$71,532,606 00 
. 30,835,586 00 

. $40,697,020 00 
. 1,121,208 00 



$225,529 82 

123,837 43 

2,055 00 

5,671 10 

1,510 41 

$358,603 76 

Premiums. 

$277,196 81 
581,520 13 

$858,716 94 
362,877 91 

$495,839 03 
11,556 08 



. $39,575,812 00 $484,282 95 



274 THE LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 



$1,201,132 00 

629,776 00 

234,887 00 

28,500 00 

113,200 00 



"THE LIVERPOOL AND LONDON AND GLOBE INSURANCE 
COMPANY OF NEW YORK," NEW YORK, N. Y. 

[Incorporated 1896. Commenced business 1897.] 

Paid-up Capital, $200,iKK). 

HENRY W. EATON, President. GEO. W. HOYT, Secretary. 

Detailed Statement of Bonds. 

Par Value. Market Value. 

United States bonds, $35,000 00 $39,243 75 

New York city bonds 195,000 00 206,700 00 

Union Pacific R.R. bonds 20,000 00 17,750 00 



$250,000 00 f263,693 75 

Summary of Assets Dec. 31, 1901. 
Bonds, as per schedule, $263,693 75 



Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Prems. more than three mos. due, $2,140 59 

Gross assets 

Deduct special deposits in other States, . 



Balance, 



66,494 64 
65,561 24 



$395,749 63 
11,212 50 

$384,537 13 



Liabilities. 



Losses claimed and reported, 
Less reinsurance, 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 
Reserve for contingent liabilities, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 



f 11,770 00 
1,880 00 

$9,890 00 

90,092 56 

4,929 06 

5,000 00 

95 26 

4,000 00 

$114,006 88 
10,679 16 



103,327 72 

1281,209 41 
200,000 00 

$81,209 41 



THE LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 275 



Income. 

Fire premiums outstanding Dec. 31, 1900, . $46,389 41 
Premiums on risks written or renewed, . . 240,336 91 

Total $286,726 32 

Premiums now in course of collection, . . 67,701 83 

Entire premiums collected, .... $219,024 49 
Less reinsurance and return premiums, . . 104,942 74 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 

Profit on sale of securities, 



$114,081 75 
9,699 29 
7,337 25 



Gross cash income, $131,118 29 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$103,723 85 
34,150 01 



,573 84 

23,006 63 

3,839 90 

4,034 36 

3,748 76 

$104,203 49 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 



In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Risks and Premiums. 

Premiums. 

.$12,109,429 00 $148,384 87 
. 21,342,331 00 240,336 91 



$33,451,760 00 $388,721 78 
15,818,691 00 176,447 77 



$17,633,069 00 $212,274 01 
3,975,771 00 48,436 38 



$13,657,298 00 $163,837 63 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$259,177 00 

134,465 00 

67,759 00 

3.500 00 



276 



MANUFACTURERS MUTUAL FIRE INSURANCE CO. 



"MANUFACTURERS' MUTUAL FIRE INSURANCE COMPANY OF 
RHODE ISLAND," PROVIDENCE, R. I. 

[Incorporated 1835. Commenced business Dec. 1, 1835.] 
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, 

Rhode Island State bonds, 
150 shares Providence & Worcester R.R., 
100 " Boston & Providence R.R., . 
100 " Rome, Watert'n & Ogden. R.R., 
900 " Pennsylvania R.R., . 

59 " Old Colony R.R 

413 " Great Northern R'y, 
100 " Chic, Mil. & St. Paul R.R., . 
100 " Cleve., Cin., Chic. & St. Louis R.R. 
110 " Chic, Burlington & Quincy R.R., 
100 " Chicago & Northwestern R.R., 

100 " Union Pacific R.R 

120 " Illinois Central R.R., 

210 " American National Bank, Prov., 

100 " National Bank of Commerce, 



Par Value. 

$10,000 00 
5Q,000 00 
15,000 00 
10,000 00 
10,000 00 
45,000 00 

5,900 00 
41,300 00 
10,000 00 
10,000 00 
11,000 00 
10,000 00 
10,000 00 
12,000 00 
10,500 00 

5,000 00 



Market Value. 
$13,950 00 

55,250 00 
44,700 00 
30,100 00 
13,925 00 
67,500 00 
12,390 00 
76,095 25 
18,850 00 
11,900 00 
21,560 00 
20,600 00 

9,000 00 
16,680 00 
10,080 00 

5,100 00 



$265,700 00 $427,680 25 



Summary of Assets Dec. 31, 1901. 



Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



$427,680 25 

25,972 29 

3,722 54 

4,719 31 



$462,094 39 



Liabilities. 

Losses claimed and reported, .... $1,511 17 

Unearned premiums on outstanding risks, . 147,768 60 

State and local taxes, 4,376 63 

Gross liabilities, 



153,656 40 



Net cash assets, $308,437 99 



THE MECHANICS INSURANCE CO. 



277 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest and dividends received from all sources, . 

Gross cash income, 

Expenditures. 



|3,226 13 
306,807 84 

$310,033 97 
4,719 31 

$305,314 66 
9,875 10 



Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, .... 

for inspection, . 

for incidentals, 



Gross cash expenditures, . 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1900, $34,095,159 00 $262,232 94 
Risks written during 1901, . 39,840,324 00 306,807 84 



Total, $73,935,483 00 $569,040 78 

Risks terminated during 1901, 35,873,445 00 273,503 58 



$295,439 56 
14,712 02 

$310,151 58 



$10,936 48 
237,240 62 
7,151 05 
6,489 43 
577 53 
4,432 32 
1,222 89 

$268,050 32 



Contlng't Prem's. 

$1,311,164 70 
1,534,039 20 

$2,845,203 90 
1,367,517 90 



In force at end of year, 



.$38,062,038 00 $295,537 20 $1,477,686 00 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1901, 90 per cent. 



$12,247 00 



" THE MECHANICS' INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 13, 1854. Commenced business May 4, 1854.] 

Paid-up Capital, $250,000. 
SIMON J. MARTIN, President. JOHN A. SNYDER, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Phil., Wilm. & Baltimore R.R. bonds, . . $2,000 00 $2,180 00 

Union Passenger R'y bonds, .... 20,000 00 21,600 00 



278 



THE MECHANICS INSURANCE CO. 



Steubenville & Indiana R.R. bonds, . 

Borough of Clifton Heights, Pa., bond, . 

Schuylkill River East Side R.R. bonds, . 

Northern Pacific Terminal bonds, . 

Philadelphia & Erie R.R. bonds, 

Northern Pennsylvania R.R. bonds, . 

The Toledo Elec. St. R'y Co. bonds, 

United States bonds, 

Consolidated Traction Co. of N. J. bonds, 

Second Ave. Traction Co., Pitts., bonds, . 

Terminal R.R. Asso. of St. Louis bonds, . 

Commonw. of Penn., Allegheny Co., bond, 

City of Altoona, Pa., bonds, 

Lehigh Valley R.R. bonds, 

City of Philadelphia bonds, 

Pitts , Cin., Chic. & St. Louis R.R. bonds, 

Allegheny Valley R.R. bonds, . 

Second Ave. R.R. in the city of N. Y. bonds, 

Pennsylvania Co. bonds, .... 

Camden & Suburban R'y Co. bonds, 

Phila., AVilm. & Bait. R.R. stock tr. cert's, 
200 shares F'rrn't Pk. & Hadding. P. R'y Co 
100 " Union Passenger R'y Co., 
30 " 13th & loth Sts. Pas. R'y Co., 
20 " 2d & 3d Streets Pas. R'y Co., 

1,000 " Philadelphia Traction Co., . 



Par Value. 

825,000 00 

3,000 00 

30,000 00 

10,000 00 

28,000 00 

11,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00 

9,000 00 

10,000 00 

20,000 00 

10,000 00 

5,000 00 

15,000 00 

20,000 00 

5,000 00 

10,000 00 

10,000 00 

5,000 00 

1,500 00 

1,000 00 

50,000 00 



Market Value. 

628,125 00 

3,000 00 

32,850 00 

11,425 00 

30,275 00 

12,815 00 

10,250 00 

6,950 00 

10,800 00 

11,850 00 

11,400 00 

5,125 00 

9,000 00 

10,600 00 

21,200 00 

11,400 00 

6,112 50 

17,700 00 

19,600 00 

5,350 00 

10,825 00 

14,300 00 

24,000 00 

9,390 00 

6,060 00 

98,000 00 



Securities held as collateral for cash loans : — 



Philadelphia City Pas. R'y Co. bonds, 



$ 350,500 00 §462,182 50 



Market Value. 

85,700 00 



Loaned Thereon. 

$4,500 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Perpetual premiums in course of collection, 
Gross assets, 



31, 1901. 

$81,500 00 

276,085 00 

4,340 28 

462,182 50 

4,500 00 

636 64 

42,126 61 

3,999 15 

60,299 19 

756 50 



£936,425 8; 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



S-22-2,350 00 
367,450 00 
263,725 00 



THE MECHANICS INSURANCE CO. 



279 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



$ 16,456 55 

18,895 35 

3,482 65 

$38,834 55 
3,210 18 

$35,624 37 

164,759 91 

265,723 31 

14,974 88 

13,822 75 

8,705 53 



$503,610 75 

$432,815 12 
250,000 00 



Surplus over capital, . 



. $182,815 12 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, 

Deposits received for perpetual fire risks, 



$50,967 31 
343,394 07 

$394,361 38 
60,299 19 

$334,062 19 
79,320 64 



sources, 



$13,620 16 



$254,741 55 

14,860 84 

19,060 47 

2,405 00 

260 00 



Gross cash income, 



$291,327 86 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 



$183,095 93 
22,338 72 



$160,757 21 
20,000 00 
71,916 32 



280 



MECHANICS MUTUAL FIRE INSURANCE CO. 



Cash paid for salaries of officers and employees, . 

for State and local taxes, 

for expense on real estate, 

for incidentals, 

Deposits returned on perpetual fire risks, . |6,770 99 



Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. 128,614,728 00 

. 30,437,952 00 

.$59,052,680 00 

. 25,895,535 00 

. £33,157,145 00 

. 3,989,814 00 

.$29,167,331 00 



Perpetual risks in force (not incl'd above), . $12,866,343 00 

Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$13,879 97 

9,948 41 

352 56 

16,736 25 

$293,590 72 

Premiums. 

$339,495 55 
343,394 07 

$682,889 62 
311,009 33 

$371,880 29 
48,818 05 

$323,062 24 
$292,967 59 



$3,995,293 00 

2,253,985 00 

166,592 00 

580,660 00 

20,000 00 

54,850 00 



"MECHANICS' MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated 1871. Commenced business 1S7L] 
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary. 



Detailed Statement of Stocks 



United States bonds, .... 

Rhode Island State bonds, 
100 shares Rome, Watert'n & Ogden. R.R., 
100 
500 
207 
100 
110 
100 
83 



N. Y., Lack. & Western R.R., 

Pennsylvania R.R., . 

Great Northern R'y Co., . 

Cleve., Cin., Chic. & St. Louis R.R. 

Chic, Burl. & Quincy R.R., . 

Union Pacific R.R., . 

N'l Bank of Com., Prov., R. I., 



and Bonds. 

Par Value. 

f 15,000 00 
50,000 00 
10,000 00 
10,000 00 
25,000 00 
20,700 00 
10,000 00 
11,000 00 
10,000 00 
4,150 00 



Market Value. 
$20,925 00 

55,250 00 
13,925 00 
13,800 00 
37,500 00 
38,139 75 
11,900 00 
21,560 00 
9,000 00 
4,233 00 



$165,850 00 $226,232 75 



MECHANICS MUTUAL FIRE INSURANCE CO. 



281 



Summary of Assets Dec 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



31, 1901. 

$226,232 75 

21,502 11 

2,079 23 

3,503 39 



$253,317 48 



Liabilities. 

Losses claimed and reported, .... f 784 65 

Unearned premiums on outstanding risks, . 96,700 39 

State and local taxes, 2,908 07 

Gross liabilities, 



100,393 11 



Net cash assets, $152,924 37 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



$2,326 26 
201,305 76 



Total, $203,632 02 

Premiums now in course of collection, . . 3,503 39 



Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash premiums received, .... 
Interest and dividends received from all sources, 



$200,128 63 
7,344 76 



$192,783 87 
7,929 00 



Gross cash income, ........ $200,712 87 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for rents, .... 
for inspections, 
for incidentals, 

Gross cash expenditures, . 







$6,980 


14 






153,947 


23 






4,564 85 






4,150 


20 






367 


50 






2,880 84 






866 01 


$173,756 


77 



Risks and Premiums. 

Amount. Cash Prem's. Contlng't Prem'8. 

Risks outstanding Dec. 31, 1900, $22,153,938 00 $170,511 63 $852,558 15 

Risks written during 1901, . 26,014,249 00 .201,305 76 1,006,528 80 



Total, $48,168,187 00 $371,817 39 $1,859,086 95 

Risks terminated during 1901, . 23,411,234 00 178,416 62 892,083 10 



In force at end of year, 



.$24,756,953 00 $193,400 77 $967,003 85 



282 



mechanics' and traders' INSURANCE CO. 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1901, 90 per cent. 



£7,609 00 



"MECHANICS 1 AND TRADERS 1 INSURANCE COMPANY," NEW 

ORLEANS, LA. 

[Incorporated Oct. 15, 1869. Commenced business Nov. 1, 1869.] 

Paid-up Capital, $300,000. 

JAMES NICHOLS, President. R. L. EMERY, Secretary. 



Detailed Statement of Stocks 

Louisiana State bonds, 

New Orleans city bonds, 

New Orleans City & Lake R.R. bonds, . 
150 shares People's Bank, New Orleans, . 

10 ■ 
10 ' 
200 ' 
50 ' 
30 



Prov. Sav. & Trust Dep. Co., N. O , 
Union Nat'l Bank, New Orleans, 
Standard Guano & Chem. MTg Co , 
Standard Cotton Seed Oil Co., 
National Acid Co., .... 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 

Gross assets, 



and Bonds. 

Par Value. 

8145,000 00 

1-42,940 00 

6,000 00 

15,000 00 

1,000 00 

1,000 00 

20,000 00 

2,500 00 

3,000 00 



Market Value. 

£ 156,237 50 

160,019 80 

6,795 00 

15,487 50 

1,160 00 

1,650 00 

40,000 00 

3,750 00 

3,900 00 



8336,440 00 £388,999 80 

31, 1901. 

$23,700 00 

50 00 

388,999 80 

790 57 

37,824 99 

53,452 54 

3,068 23 

$507,886 13 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 



$287 24 

28,599 14 

1,500 00 

§30,386 38 
5,343 55 

£25,042 83 



* Value of property mortgaged, 



$100 00 



mechanics' and traders' INSURANCE CO. 



283 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, . 



Income 

Fire premiums outstanding Dec. 31, 1900 
Premiums on risks written or renewed, 

Total 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1900, 

Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash marine premiums received, 

Interest and dividends received from all sources, 

Income from rents, .... 

from profit on sale of securities, 

from all other sources, 

Gross cash income, 



|116,410 67 

9,487 08 

13,628 97 

1,390 85 



$45,904 17 
282,478 04 

$328,382 21 
44,620 87 

$283,761 34 
86,141 05 

$8,359 66 
16,159 74 

$24,519 40 
8,831 67 

$15,687 73 
8,311 97 



$165,959 80 

$341,926 33 
300,000 00 

$41,926 33 



$197,620 29 



7,375 76 

13,702 93 

3,820 91 

3,075 00 

231 47 

$225,826 36 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$141,617 83 
26,045 14 

$6,382 70 
6,001 93 



$115,572 69 



380 77 

40,878 82 

12,419 39 

8,748 96 

21,581 70 

$199,582 33 



284 



MERCANTILE MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Premium!. 

Fire risks outstanding Dec. 31, 1900, . . $ 21,447,342 00 $255,95171 



Fire risks written during 1901, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1901, . 
Deduct risks expired and terminated, 



. 25,173,843 00 282,478 04 



. $46,621,185 00 |538,429 75 
. 21,202,636 00 255,075 97 



. $25,418,549 00 $283,353 78 
.3,058,373 00 53,532 88 



. $20,360,176 00 $229,820 90 

. $3,323,806 00 $16,159 74 
. 3,323,806 00 16,159 74 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 



$7,885,549 00 

4,329,725 00 

125,633 00 

882 00 

1,178,337 00 

109,600 00 



"MERCANTILE MUTUAL FIRE INSURANCE COMPANY." 
PROVIDENCE, R. I. 

[Incorporated May, 1SS4. Commenced business August, 1SS4.] 
HENRY T. GRANT, Jr., President. ALFRED U. EDDT, Secretary. 



Detailed Statement of Stocks 



15 shares United National Bank, . 

14 " Fourth National Bank, . 
198 " Illinois Central R.R. Co., 
150 " Rhode Island Investment Co., 
100 " American Express Co., . 

30 " Ut, Che. & Susq. Val. R.R. Co., 
100 " Wells Fargo Co., . 
Chicago, Burl. & Quincy bonds, 
100 shares Boston & Maine R.R., 
118 " Pitts., McKees. & Youg., 
United States bonds, 



and Bonds. 

Par Value. 
$3,000 00 

1,400 00 
19,800 00 
15,000 00 
10,000 00 

3,000 00 
10,000 00 

4,000 00 
10,000 00 

5,900 00 
20,000 00 



Market Value. 

$3,015 00 

1,624 00 
27,918 00 
18,000 00 
21,500 00 

4,600 00 
19,000 00 

4,160 00 
19,100 00 

8,319 00 
21,640 00 



$102,100 00 $148,876 00 



MERCANTILE MUTUAL FIRE INSURANCE CO. 



285 



Securities held as collateral for cash loans : — 

30 shares National Bank of Commerce, . 
15 " City National Bank, Worcester, 
Lawrence Co , Dak., refunding bond, 
Denver Consolidated Electric Co. bond, . 
Paid-up policy, Mutual Life Insurance Co., 



Market Value. Loaned Thereon. 



31,500 00^ 
1,500 00 
1,000 00 
1,000 00 ^ 
1,872 00 



$4,000 00 



1,500 00 



$6,872 00 $5,500 00 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Miscellaneous, 

Gross assets, . 

Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
State and local taxes, 
Gross liabilities, 



Net cash assets, 



Income 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest and dividends received from all sources, . 



31, 1901. 

$148,876 00 

5,500 00 

21 11 

18,496 58 

1,636 97 

8,460 41 

503 88 



$20,200 00 

2,800 oa 

94,253 57 
3,770 14 



$8,513 36 
205,890 78 

$214,404 14 
8,460 41 

$205,943 73 
15,549 25 



$183,494 95 



121,023 71 



,471 24 



$190,394 48 
6,427 23 



Gross cash income, $196,821 71 



Expenditures. 
Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, 

Gross cash expenditures, .... 



$56,265 28 

130,119 56 

14,409 98 

4,032 32 

1,350 00 

12,103 18 

$218,280 27 



2S6 



THE MERCHANTS INSURANCE CO. 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1900, $22,088,387 00 
Risks written during 1901, . 23,514,305 00 



Total, $45,602,692 00 

Risks terminated during 1901, . 24,015,578 00 



Cash Prem's. 

6194,777 21 
205,890 78 

$400,667 99 
212,160 84 



Contlng't Prem's. 

$973,886 05 
1,029,453 90 

$2,003,339 95 
1,060,804 20 



In force at end of year, 



.121,587,114 00 $188,507 15 $942,535 75 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1901, 66 per cent. 



$77,720 00 



"THE MERCHANTS' INSURANCE COMPANY OF NEWARK," 

NEWARK, N. J. 

[Incorporated Feb. 18, 1858. Commenced business April 18, 1858.] 

Paid-up Capital, $400,000. 

G. LEE STOUT, President. WM. H. GUERIX, Secretary. 



Detailed Statement 

United States bonds, 

Newark Consolidated Gas Co. bonds, 

Newark Gas Co. bonds, . 

Newark Pass. R'y Co. bonds, . 

Long Branch school bonds, 

North Hudson County R'y Co. bonds, 

Midland R.R. of New Jersey bonds, 

Consolidated Traction Co. bonds, 

N. Y., Susquehanna & Western R.R. bonds, 



of Bonds. 

Par Value. 

$50,000 00 
10,000 00 

100,000 00 
70,000 00 
4,000 00 
50,000 00 
75,000 00 
90,000 00 
10,000 00 



Market Value. 

$54,250 00 
10,500 00 

141,500 00 
81,900 00 
4,200 00 
56,500 00 
87,000 00 
98,550 00 
11,550 00 



Summary of Assets Dec. 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Bills receivable, 



£459,000 00 §545,950 00 

31, 1901. 

$ 203,9 15 65 

300,700 00 

3,908 07 

545,950 00 

2,735 31 

43,127 26 

1,945 00 

141,291 99 

200 00 



* Value of lands mortgaged $320,025 00 

Value of buildings thereon 403,550 00 

Amount of insurance held as collateral, .... 324,450 00 



THE MERCHANTS' INSURANCE CO. 



287 



Rents due and accrued, .... 

Reinsurance due on losses paid, 

Preni's more than three mos. due, $3,782 80 

Gross assets, 

Deduct special deposits in other States, . 



Balance, 



8487 33 
1,035 44 



$1,245,296 05 
54,250 00 

$1,191,046 05 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, . 

Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, . 

Income from all other sources, 

Gross cash income, . 



$49,962 51 
50,637 78 
12,399 01 

$112,999 30 
17,742 93 

$95,256 37 

538,817 26 

11,177 20 

22,986 68 

28,878 73 

4,983 24 

$702,099 48 
12,154 38 



$164,723 88 
1,283 36 

$163,440 52 
1,089,389 00 

$1,252,829 52 
143,791 43 

$1,109,038 09 
423,240 88 



sources, . 



689,945 10 

$501,100 95 
400,000 00 

$101,100 95 



$685,797 21 

15,053 74 

29,317 77 

9,733 37 

33,141 17 

$773,043 26 



288 merchants' mutual INSURANCE CO. in providence. 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



f590,467 49 
63,618 23 



$526,849 26 

24,000 00 

127,604 62 

107,402 52 

42,267 63 

48,406 67 



Gross cash expenditures, $876,530 70 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$157,642,974 00 $1,562,232 38 
97,011,799 00 1,089,389 00 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$254,654,773 00 $2,651,621 38 
112,670,915 00 1,313,557 76 



$141,983,858 00 $1,338,063 62 
. 32,907,485 00 260,418 83 



$109,076,373 00 $1,077,644 79 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$19,580,469 00 

11,582,351 00 

528,075 00 

1,132,219 00 

24,000 00 

79,625 00 



"MERCHANTS' MUTUAL INSURANCE COMPANY IN 
PROVIDENCE," PROVIDENCE, R. I. 

[Incorporated Oct. 12, 1S74. Commenced business Nov. 1, 1874.] 
WILLIAM B. McBEE, President. JAMES H. SWEET, Assistant Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Rhode Island State bonds, .... $30,000 00 $33,000 00 

United States bonds, 9,000 00 12,510 00 

Chicago, Burlington & Quincy R.R. bonds, . 3,000 00 3,140 00 

United Traction & Electric Co. bonds, . . 10,000 00 11,400 00 

Gt. Northern & North Pacific bonds, . . 29,000 00 28,420 00 



merchants' MUTUAL INSURANCE CO. IN PROVIDENCE. 289 



200 shares Illinois Central R.R., 

100 " Mahoning Coal Co., 

75 " Hereford Co., .... 

50 " Albany & Sus. RR, 

100 " • Chicago & Northwestern R.R., 

132 " Chic., Rock Island & Pacific R.R., 

100 " Rome, Watertown & Og. R.R., 

150 " Pennsylvania R.R., . 

100 " Morris & Essex R.R., 

50 " Rensselaer & Saratoga R.R., . 

50 " Pitts., Ft. W. & Chic. R.R., . 

300 " National Bank of North America, 

200 " National Bank of Commerce, . 

100 " Lime Rock National Bank, 

82 " Merchants 1 National Bank, 

50 " Old National Bank, . 

50 " Mechanics' National Bank, 



Par Value. 

820,000 00 

5,000 00 

7,500 00 

5,000 00 

10,000 00 

13,200 00 

10,000 00 

7,500 00 

5,000 00 

5,000 00 

5,000 00 

15,000 00 

10,000 00 

2,000 00 

4,100 00 

5,000 00 

2,500 00 



Market Value. 

827,800 00 

6,050 00 

7,500 00 

12,150 00 

20,600 00 

20,196 00 

13,900 00 

11,250 00 

9,650 00 

10,550 00 

9,600 00 

15,800 00 

10,200 00 

500 00 

5,740 00 

4,600 00 

2,500 00 



$212,800 00 $277,056 00 



Summary of Assets Dec. 31, 1901. 
Stocks and bonds, as per schedule, . . . $277,056 00 

Cash deposited in bank, 15,595 53 

Interest due and accrued, . . . . . 3,750 71 

Premiums in course of collection (gross), . 3,323 74 

Gross assets, 



$299,725 98 



Liabilities. 

Losses claimed and reported, .... §663 93 

Unearned premiums on outstanding risks, . 94,540 61 

State and local taxes, 2,808 68 

Gross liabilities, 



98,013 22 



Net cash assets, $201,712 76 



Income 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest and dividends received from all sources, 



$1,955 60 
196,422 93 

£198,378 53 
3,323 74 

$195,054 79 
6,419 11 



188,635 68 
9,959 48 



Gross cash income, $198,595 16 



290 



MICHIGAN FIRE AND MARINE INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for inspections, .... 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, 

Gross cash expenditures, .... 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1900, $21,213,728 00 §169,145 97 
Risks written during 1901, . 24,714,268 00 196,422 93 



Total f45,927,996 00 

Risks terminated during 1901, . 22,366,893 00 



$365,568 90 
176,487 68 



16,010 49 
153,319 40 
2,757 62 
4,564 90 
4,017 85 
936 42 
2,514 21 

$174,120 89 



Conting't Prem's. 

$845,729 85 
982,114 65 

$1,827,844 50 
882,438 40 



In force at end of year, 



.$23,561,103 00 $189,081 22 $945,406 10 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1901, 90.16 per cent. 



$6,665 00 



"MICHIGAN FIRE AND MARINE INSURANCE COMPANY,'" 

DETROIT, MICH. 

[Incorporated February, 1881. Commenced business March, 1S8L] 

Paid-up Capital, $400,000. 

D. M. FERRY, President. E. J. BOOTH, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

People's Savings Bank stock, .... $5,000 00 $6,250 00 

Detroit city bonds 10,000 00 10,000 00 

Flint city school bonds, 8,000 00 8,000 00 

Michigan Steamship Co. bonds, . . . 15,000 00 15,000 00 



$38,000 00 $39,250 00 



Summary of Assets Dec. 31, 1901. 

Cash value of unencumbered real estate, . . $94,258 14 

Loans on mortgage of real estate (first liens *), 553,652 00 

Interest due or accrued thereon, . . . 14,173 01 

Stocks and bonds, as per schedule, . . . 39,250 00 

Cash in the office of the company, . . . 9,872 90 

* Value of lands mortgaged, $1,076,470 00 

Value of buildings thereon, 587,350 00 

Amount of insurance held as collateral, .... 398,050 00 



MICHIGAN FIRE AND MARINE INSURANCE CO. 



291 



Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, . . . . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$38,399 63 
927 42 

68,088 87 



,314 14 

7,198 19 

750 00 



$26,262 33 
3,352 21 

$22,910 12 

251,914 50 

10,193 33 

7,897 61 

30 62 



Surplus over capital, 

Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from all other sources, 

Gross cash income, .... 

Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and emploj-ees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 



$57,556 65 
471,177 40 

$528,734 05 
68,088 87 

$460,645 18 
116,470 57 



sources, 



$257,763 45 
29,279 38 



$818,621 97 



292,946 18 

$525,675 79 
400,000 00 

$125,675-79 



$344,174 61 

27,275 55 

4,666 46 

2,133 74 

347 00 

$378,597 36 



$228,484 07 
16,000 00 
82,446 79 
15,115 67 
16,611 95 
36,311 97 

$394,970 45 



292 



MIDDLESEX MUTUAL ASSURANCE CO. 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . .$41,274,122 00 $455,12160 



Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. 38,657,901 00 471,177 40 



. §79,932,023 00 $926,299 00 
. 34,779,718 00 402,776 85 



.$45,152,305 00 $ 523,522 15 
. 3,067,598 00 37,845 79 



.-42,084,707 00 $485,676 36 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (4 per cent ), . 
Company's stock owned by directors, .... 



$6,782,998 00 

3,725,900 00 

233,113 00 

346,000 00 

16,000 00 

157,400 00 



"MIDDLESEX MUTUAL ASSURANCE COMPANY," MIDDLE- 
TOWN, CONN.* 

[Incorporated June 2, 1836. Commenced business June 13, 1836.] 
O. VINCENT COFFIN, President. C. W. HARRIS, Secretary. 



Detailed Statement of Stocks 



Middletown, Conn., town bonds, 

Portland, Conn , town bonds, . 

Nebraska Loan & Trust Co. bonds, . 

N. Y., New Haven & Hartford R R. bonds, 

Omaha Water Co bonds, .... 

The L. D. Brown & Son Co. bonds, . 

W. & B. Douglas Co. bonds, . 

Keating Wheel Co. bonds, 

Baltimore & Ohio R.R. Co. bonds, . 

Cleve., Cin., Chicago & St. Louis R.R. bonds, 

Louisville & Nashville R.R. bonds, . 

400 shares N. Y., N. H. & Hartford R.R., 

100 

300 

150 

40 

42 ' 



Louisville & Nashville R.R., . 
Chic. & Northwestern R.R., . 
Middletown National Bank, Conn 
First Nat'l Bank, Middlefn, Conn 
Middlesex Co. N'l B% Middletown, 



and Bonds. 

Par Value. 

$18,000 00 

100,000 00 

72,500 00 

15,000 00 

10,000 00 

30,500 00 

5,000 00 

17,600 00 

40,000 00 

40,000 00 

40,000 00 

40,000 00 

10,000 00 

30,000 00 

11,250 00 

4,000 00 

4,200 00 



Market Value. 

-518,720 00 

103,911 60 

72,500 00 

30,900 00 

10,000 00 

30,500 00 

10 00 

8,800 00 

36,300 00 

40,000 00 

40,400 00 

84,800 00 

10,700 00 

64,500 00 

15,900 00 

4,000 00 

3,570 00 



* A mutual company. 



MIDDLESEX MUTUAL ASSURANCE CO. 



293 



30 shares Central National B'k, Middletown, . 
6 " First National Bank, Portland, . 
90 " Omaha Water Co., .... 



Par Value. Market Value. 

§2,250 00 $2,400 00 

600 00 600 00 

4,500 00 4,000 00 



$495,400 00 3587,501 60 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Gross assets, ..... 



$194,000 00 

587,501 60 

64,902 22 

32,021 52 



$878,425 34 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Commissions and brokerage, . 

Gross liabilities, 



$618 75 

525 00 

300 00 

185,934 57 

4,179 57 

8,015 50 



199,573 39 



Surplus, $678,851 95 



Income. 

Fire premiums outstanding Dec. 31, 1900, . $21,769 82 
Premiums on risks written or renewed, . . 133,444 22 

Total, $155,214 04 

Premiums now in course of collection, . . 32,021 52 

Entire premiums collected, .... $123,192 52 
Less reinsurance and return premiums, . . 4,239 25 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 

Income from rents, 



Gross cash income, 



$118,953 27 

71,854 33 

8,634 68 

$199,442 28 



Expenditures. 

Cash paid for fire losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$63,473 79 

19,409 80 

20,296 99 

6,888 26 

11,020 06 



Gross cash expenditures, 



fl 2 1,088 90 



294 



MILLERS NATIONAL INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $40,366,254 00 
. 15,989,038 00 



. §56,355,292 00 

. 12,513,190 00 

. §43,842,102 00 

3,000 00 



Premiums. 

f300,874 93 
133,444 22 

§434,319 15 
92,422 00 

1341,397 15 

19 13 



.§43,839,102 00 §341,878 02 



Miscellaneous. 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



$1,291,151 00 
59,487 00 



"MILLERS' NATIONAL INSURANCE COMPANY," CHICAGO, ILL. 

[Incorporated Feb. 16, 1865. Commenced business Sept. 1, 1869.] 

Paid-up Capital, $200,000. 

C. H. SEYBT, President. W. L. BARNUM, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States, D. C, bonds, .... $50,000 00 £63,250 00 

Cook County, Illinois, bonds, .... 60,000 00 61,725 00 

City of Chicago bonds 10,000 00. 10,187 50 

Chicago Board of Trade bonds, . . . 10,000 00 10,350 00 

Chicago Passenger Railway bonds, . . . 20,000 00 20,600 00 

North Chicago City Railway bonds, . . 10,000 00 10,800 00 

St. L., Cass Ave. & Fair Grounds R.R. bonds, . 25,000 00 25,875 00 

Illinois Central R.R. bonds, .... 25,000 00 28,500 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 10,000 00 11,702 50 

Chicago, Burlington & Quincy R.R. bonds, . 13,000 00 13,487 50 

North Chicago Electric Railway bonds, . . 10,000 00 11,175 00 

Chicago Electric Transit Co. bonds, . . 20,000 00 22,350 00 

Bureau County drainage bonds, . . . 9,000 00 9,090 00 

Sanitary District of Chicago bonds, . . . 20,000 00 21,100 00 

Village of Harlem, Illinois, bonds, . . . 3,500 00 3,530 62 

Ford County, Illinois, bonds, .... 3,000 00 7 50 

Marseilles, Illinois, bonds 5,000 00 5,293 75 

Effingham, Illinois, bonds, .... 3,00000 3,11250 

Tracy, Minnesota, bonds, 5,000 00 5,250 00 

Osgood, Indiana, bonds, 3,500 00 3,683 75 

Aberdeen, South Dakota, bonds, . . . 10,000 00 11,600 00 

Des Plaines, Illinois, bonds, .... 2,373 19 2,373 19 



millers' NATIONAL INSURANCE CO. 



295 



Evanston, Illinois, bonds, 
Whiteside County, Illinois, bonds, . 
Town of Wade, Illinois, bonds, 
Lincoln, Illinois, bonds, . 
Bonne Terre, Mo., school bonds, 
Poplar Bluff, Mo., school bonds, 
Town of Proviso, Illinois, bonds, 
Windsor, Illinois, bonds, . 
Mechanicsburg, Illinois, school bonds, 
White County, Indiana, bonds, 
Lawrence County, Illinois, bonds, . 
Mishawaka, Indiana, bonds, 
Jasper County, Indiana, bonds, 
Sullivan County, Indiana, bonds, 
Chicago Gas Light & Coke Co. bonds, 
South Side Elevated Railway stock, 
Chicago National Bank stock, . 



Par Value. 

§1,500 00 

6,500 00 

19,500 00 

25,000 00 

17,000 00 

10,000 00 

6,000 00 

10,000 00 

4,000 00 

10,000 00 

15,000 00 

15,000 00 

5,000 00 

5,000 00 

10,000 00 

11,100 00 

10,000 00 



Market Value. 

81,545 00 

6,630 00 

19,914 37 

25,562 50 

19,040 00 

11,100 00 

6,060 00 

10,900 00 

4,150 00 

10,200 00 

15,337 50 

15,206 25 

5,250 00 

5,118 75 

10,950 00 

11,877 00 

37,500 00 



$507,973 19 $574,445 18 



Summary of Assets Dec. 31, 1901. 

Loans on mortgage of real estate (first liens *), $76,000 00 

Interest due or accrued thereon, . . . 1,366 66 

Stocks and bonds, as per schedule, . . . 574,445 18 

Cash in the office of the company, . . . 434 18 

Cash deposited in bank, 54,113 42 

Interest due and accrued, 8,179 44 

Premiums in course of collection (gross), . 21,495 89 
Deposit notes taken for fire risks, f 2,098,618 52 

Gross assets, 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Special department, .... 
Commissions and brokerage, . 
Return premiums, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



$8,095 81 

15,239 74 

15,967 11 

152,552 11 

122,383 37 

3,645 73 

2,464 77 



$736,034 77 



320,348 64 

§415,686 13 
200,000 00 



Surplus over capital, §215,686 13 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



181,600 00 

128,000 00 
73,500 00 



296 



MILWAUKEE FIRE INSURANCE CO. 



Income 
Fire premiums outstanding Dec. 31, 1900, 
Premiums^on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest and dividends received from all sources, 



5,744 45 
467,142 48 

§485,886 93 
21,495 89 

$464,391 04 
58,379 56 



8400,011 48 
33,697 28 



Gross cash income, |439,708 76 



. Expenditures. 

Cash paid for fire losses, 

Deduct salvage, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$387,048 62 
355 75 



1386,692 87 
20,720 81 
45,546 34 

5,6« " 
25,885 48 

§484,453 26 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31,1900, . .-22,459,742 00 §352,036 02 

Fire risks written during 1901, 



Total, 

Deduct risks expired aud terminated, 

In force at end of year, . 



. 17,445,627 00 250,608 12 



.839,905,369 00 §602,644 14 
. 14,684,112 00 199,341 21 



.$25,221,257 00 §403,302 93 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



. $4,862,152 00 

. 3,585,819 00 

391,393 00 



"MILWAUKEE FIRE INSURANCE COMPANY,- MILWAUKEE, WIS. 
[Incorporated March 22, 1898. Commenced business March 23, 18 
Paid-up Capital, $200,000. 
WM. L. JONES, President. H. A. NOLTE, Secretary. 

Detailed Statement of Bonds. 

Par Value. Market Va'.ue. 

United States bonds, 810,000 00 f 13,850 00 

South Side Elevated R.R. bonds, . . . 61,500 00 63,037 50 

Union Pacific R.R. bonds, .... 10,000 00 10,500 00 



MILWAUKEE FIRE INSURANCE CO. 



297 



Chicago, Mil. & St. Paul R.R. bonds, 
Milwaukee L't, Heat & Traction Co. bonds, 
Southern R'y Co. bonds, .... 



Par Value. 

$80,000 00 
10,000 00 
10,000 00 



Market Value. 

893,800 00 

10,600 00 

9,600 00 



$181,500 00 $ 201, 387 50 



Summary of Assets Dec. 31, 1901. 
Loans on mortgage of real estate (first liens *), §208,000 00 
Interest due or accrued thereon, 
Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Gross assets, 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 

Surplus over capital, . 

Income 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from all other sources, 

Gross cash income, 



other 



2,007 12 

201,387 50 

2,623 54 

27,710 21 

24,685 33 



$7,074 31 

19,952 42 

2,575 00 

$29,601 73 
1,684 60 

§27,917 13 

161,150 20 

4,937 07 

466 48 



$15,750 32 
283,919 02 

$299,669 34 
24,685 33 

§274,984 01 
52.668 00 



sources, 



§466,413 70 



194,470 88 

§271,942 82 

200,000 00 

$71,942 82 



$222,316 01 

9,269 30 

9,375 92 

40 00 

$241,001 23 



* Value of lands mortgaged, . ...... $.!<><), 100 00 

Value of buildings thereon, 240,850 00 

Amount of insurance held as collateral, .... K5(>,y00 00 



208 



MILWAUKEE MECHANICS' INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for depreciation of assets, 

for incidentals, .... 



$151,975 89 
32,883 97 



Gross cash expenditures, 



|U9,091 92 

59,992 49 

12,271 03 

5,911 48 

1,345 00 

21,498 50 

1220,110 42 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

.824,513,190 00 $300,059 31 
. 22,872,127 00 283,919 02 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



§47,385,317 00 8583,978 33 
18,614,850 00 288333 14 



.$28,770,467 00 8345,145 19 
. 5,213,887 00 61,957 86 



. $23,556,580 00 $283,1*7 33 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



8741,7:32 00 

381,757 00 

132,215 00 

76,660 00 



"MILWAUKEE MECHANICS' INSURANCE COMPANY," 
MILWAUKEE, WIS. 

[Incorporated Feb. 15, 1852. Commenced business April 1, 1852.] 

Paid-up Capital, $200,000. 

WM. L. JONES, President. OSCAR GKIEBLING, Secretary. 



Detailed Statement of 



Washington County (Wis.) bonds, 
Milwaukee city bonds, 
Racine (Wis.) school bonds, 
St. Paul (Minn.) bonds, . 
Milwaukee County (AVis.) bonds, 
Brown County (Wis.) bonds, . 
Ramsey County (Minn.) bonds, 
Sanitary District of Chicago bonds, 
City of Portland (Ore.) water bonds, 



Bonds. 

Par Value. 

§40,000 00 

173,500 00 
21,000 00 

225,000 00 
23,000 00 
18,000 00 

100,000 00 
50,000 00 
50,000 00 



Market Value. 

$42,000 00 
186,158 75 

23,625 00 
256,187 50 

25,012 50 

19,080 00 
113,375 00 

53,812 

61,00 



MILAVAUKEE MECHANICS INSURANCE CO. 



299' 



South Side Elev. R.R. Co. (Chicago) bonds, 

Chicago, Mil. & St. Paul R'y Co. bonds, . 

Chicago & Alton R'y Co. bonds, 

Union Pacific R.R. Co. bonds, . 

Elgin, Joliet & Eastern R'y Co. bonds, . 

Chicago, Burlington & Quincy R'y Co. bonds, 

Milwaukee Light, Heat & Traction Co. bonds, 

Milwaukee City R'y Co. bonds, 

Southern R'y Co. (Knoxville & Ohio) bonds, . 

Southern R'y Co. (Atlantic & Danville) bonds, 

Wabash R.R. Co. bonds, 

Milwaukee Underwriters B'l'g Asso. bonds, . 



Par Value. 

$100,000 00 
50,000 00 
30,000 00 
25,000 00 
25,000 00 

5,000 00 
25,000 00 
25,000 00 
15,000 00 
25,000 00 
10,000 00 

3,476 00 



Market Value. 

$ 102,500 00 

59,000 00 

25,200 00 

26,250 00 

28,250 00 

6,050 00 

26,500 00 

26,500 00 

18,975 00 

24,000 00 

9,775 00 

4,260 00 



11,038,976 00 $1,137,511 25 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
•Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Bonds, as per schedule, . 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, f 



867,500 CO 

1,123,158 79 

24,545 63 

1,137,511 25 

' 4,994 63 

59,621 24 

5,082 29 

208,223 79 



$2,630,637 62 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reserve for reinsurance company, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, . . 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$47,507 71 
68,194 15 
15,217 10 

$130,918 96 
30,816 84 

$100,102 12 

964,859 52 

34,703 96 

59,469 82 

1,016 49 



. 1,160,151 91 

. $1,470,485 71 
200.000 00 



. $1,270,485 71 



* Value of lands mortgaged $2,182,870 00 

Value of buildings thereon, 1,006,650 00 

Amount of insurance held as collateral, .... 659,35000 

t Including $200,000 special reserve held by treasurer of State of Wisconsin. 



300 



MILWAUKEE MECHANICS' INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1900, . $144,368 97 
Premiums on risks written or renewed, . . 1,501,107 02 

Total, $1,645,475 99 

Premiums now in course of collection, . . 208,223 79 

Entire premiums collected, .... $1,437,252 20 
Less reinsurance and return premiums, . . 381,822 54 

Net cash fire premiums received, . . . 

Interest received on mortgages, .... 
Interest and dividends received from all other sources, 

Income from rents, 

Income from all other sources, .... 



Gross cash income, 



f 1,055,429 66 

51,947 88 

46,690 53 

4,170 15 

6,383 61 

$1,164,621 83 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for expense on real estate, 
for depreciation of assets, 
for incidentals, 



$703,814 16 
114,554 76 



Gross cash expenditures, 



$589,259 40 

80,000 00 

259,704 99 

74,045 53 

38,674 11 

1,214 60 

8,806 50 

69,870 33 

$1,121,575 46 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$153,149,702 00 $1,807,026 99 
. 118,957,377 00 1,501,107 02 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$272,107,079 00 $3,308,134 01 
. 94,026,785 00 1,195,361 14 



£178,080,294 00 $2,112,772 87 
. 20,648,376 00 263,699 42 



$157,431,918 00 $1,849,073 45 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (40 per cent), 
Company's stock owned by directors, .... 



$17461,119 00 

8,749,500 00 

623,036 00 

980,000 00 

80,000 00 

62,210 00 



THE NASSAU FIRE INSURANCE CO. OF BROOKLYN. 



301 



"THE NASSAU FIRE INSURANCE COMPANY OF BROOKLYN," 

NEW YORK, N. Y. 

[Incorporated Jan. 30, 1852. Commenced business Feb. 3, 1852.] 

Paid-up Capital, $200,000. 

WM. T. LANE, President. THOS. M. HARRIS, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, .... 
Nassau National Bank stock, . 
Portland Gas Light Co. bonds, . 
Portland Gas Light Co. stock, . 
Mechanics 1 Bank of Brooklyn stock, 
National City Bank of Brooklyn stock, 
Brooklyn Bank stock, 
Brooklyn City R.R. stock, 
Brooklyn Rapid Transit bonds, 
Consolidated stock, N. Y. City, 



Par Value. 

$115,000 00 

10,000 00 

16,000 00 

14,607 50 

8,600 00 

2,500 00 

5,000 00 

80,000 00 

' 10,000 00 

75,000 00 



Market Value. 

|143,750 00 

35,000 00 

16,000 00 

10,225 25 

18,662 00 

7,000 00 

5,750 00 

196,000 00 

11,000 00 

80,625 00 



$ 336,707 50 $524,012 25 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Prem's more than three mos. due, $6,580 50 
Gross assets, 



31, 1901. 

$524,012 25 

188 88 

8,235 14 

4,207 28 

21,521 18 



$558,164 73 



Liabilities. 

Losses adjusted, unpaid, $6,139 49 

Losses claimed and reported, .... 9,500 00 

Unearned premiums on outstanding risks, . 71,361 38 

Due for borrowed money, .... 28,000 00 

Reinsurance disallowed, 2,696 53 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



117,697 40 

$4 10,467 33 
200,000 00 



Surplus over capital, 



. $240,467 33 



302 



THE NASSAU FIRE INSURANCE CO. OF BROOKLYN. 



Income. 
Fire premiums outstanding Dec. 31, 1900, . £34,310 60 
Same not collected, 8,525 83 

Net collected, f 25,784 77 

Premiums on risks written or renewed, . . 113,992 76 

Total, $ 139,777 53 

Premiums now in course of collection, . . 28,101 68 

Entire premiums collected, .... $111,67585 
Less reinsurance and return premiums, . . 30,668 12 

Net cash fire premiums received, . . . . 

Interest and dividends received from all sources, . 

Income from rents, 



Gross cash income, 



$81,007 73 

33,421 56 

1,701 90 

1116,131 19 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

• Gross cash expenditures, .... 



|73,716 23 
1.486 82 



$72,229 41 

20,000 00 

4,443 50 

10,498 17 

1,085 35 

7,896 21 

$116,152 64 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

I*remiums. 

. $19,549,556 00 $152,457 18 
. 12,974,679 00 113,992 76 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Xet amount in force, . 



832.524,235 00 $266,449 94 
15,583,583 00 126,296 05 



$16,940,652 00 $140,153 89 
568,780 00 2,733 53 



.$16,371,873 00 $137,420 36 



Miscellaneous. 

Premiums received from organization of company, . . $3,315,273 00 

Losses paid from organization of company, .... 1,361,281 00 

Fire losses incurred during the year, 73.369 00 

Cash dividends declared from organization of company, . 1,322,500 00 

Dividends declared during the year (10 per cent.), . . 20,000 00 

Company's stock owned by directors, 38,550 00 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



303 



"NATIONAL FIRE INSURANCE COMPANY OF HARTFORD," 

HARTFORD, CONN. 

[Incorporated June 4, 1869. Commenced business Dec. 1, 1871.] 

Paid-up Capital, $1,000,000. 

JAMES NICHOLS, President. B. R. STILLMAN, Secretary. 



Detailed Statement of Stocks, 



Atlantic & Danville R'y bonds, 
Atch.> Topeka & Santa Fe R'y bonds, 
Bangor & Aroostook R.R. Co. bonds, 
Buffalo R'y Co. bonds, .... 
Chesapeake & Ohio R'y Co. bonds, . 
Brooklyn Union Elevated R.R. Co. bonds, 
Central of Georgia bonds, 
Chicago & Alton R.R. Co bonds, 
Cleve , Col., Cin., & Indian. R.R. Co. bonds, 
Cin., Richmond & Muncie R.R. Co. bonds, 
Chicago, Burl. & Quincy R.R. Co. bonds, 
Chicago & Ind. Coal R'y Co. bonds, 
Chicago, Mil & St. Paul R.R. Co. bonds, 
Chic. North Shore St. R'y Co. bonds, 
Chicago & Northwestern R R. Co. bonds, 
Chic Term. Transf. R.R. Co. bonds, 
Chicago & Western Ind. R.R. Co. bonds,. 
Cin , Dayton & Ironton R.R. Co. bonds, . 
Cin., Indian., St. Louis & Chic. R.R. Co. bonds 
Danbury & Norwalk R.R. Co. bonds, 
East. Tenn , Va. & Ga. R.R. Co. bonds, . 
Erie Railway Co. bonds, .... 
Evansville & Terre Haute R.R. Co. bonds, 
Hartford & Conn. Western R.R. Co. bonds, 
Houston & Texas Cent. R.R. Co. bonds, . 
Hunt. & Broad Top Mt. R.R. & Coal Co. bonds, 
Galveston, Harris & San Antonio R'y Co.b'ds, 
International & Gt Northern R.R. Co. bonds, 
Iowa Central R'y Co. bonds, . 
Kanawha & Michigan R'y Co. bonds, 
Kansas City Cable R'y Co. bonds, . 
Knoxville & Ohio R.R Co. bonds, . 
Louisville & Nashville R R. Co. bonds, . 
Minneapolis & St. Louis R.R. Co. bonds, 
Mobile & Ohio R.R. Co. bonds, 
Morgan's La & Texas R.R. & S. S. Co. bonds 

kNash., Chat. & St. Louis R'y Co. bonds, . 



Bonds, etc. 

Par Value. 

$50,000 00 
25,000 00 
15,000 00 
25,000 00 
20,000 00 
50,000 00 
25,000 00 
25,000 00 
35,000 00 

,25,000 00 
2,000 00 
40,000 00 
30,000 00 
25,000 00 
17,000 00 
20,000 00 
50,000 00 
10,000 00 
35,000 00 
10,000 00 
30,000 00 
50,000 00 
10,000 00 
10,000 00 
32,000 00 
25,000 00 
35,000 00 
50,000 00 
50,000 00 
15,000 00 
50,000 00 
20,000 00 
25,000 00 
15,000 00 
50,000 00 
47,000 00 
40,000 00 
20,000 00 



Market Value. 

$47,500 00 
25,000 00 
17,250 00 
28,000 00 
19,600 00 
50,000 00 
26,250 00 
21,750 00 
44,800 00 
26,500 00 
2,000 00 
46,000 00 
34,900 00 
25,750 00 
19,400 00 
17,600 00 
58,000 00 
11,200 00 
35,700 00 
11,400 00 
34,800 00 
67,500 00 
10,000 00 
10,000 00 
34,560 00 

' 26,250 00 
37,100 00 
50,000 00 
56,000 00 
13,500 00 
50,000 00 
24,000 00 
31,250 00 
15,000 00 
59,250 00 
61,570 00 
45,050 00 
20,400 00 



304 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



N. Y., N. H. & Hart. R.R. deben. certs., 
Nodaway Valley R.R. Co. bonds, 
Norfolk & Western R R. bonds, 
Northern Ohio R'y Co. bonds, . 
Northern Pacific-Great North. R.R. bonds, 
Northwestern Elevated R.R. Co. bonds, 
Peoria & Pekin Union R'y Co. bonds, 
Piedmont & Cumberland R'y Co. bonds, 
Richmond & Danville R R. Co. bonds, 
Rochester & Pittsburg R.R. Co. bonds, 
Sandusky, Mans. & Newark R.R. Co. bonds, 
St. Louis, Iron Mt. & Southern R'y bonds, 
St. Louis & San Francisco R'y Co. bonds, 
St. Paul & Northern Pacific R'j Co. bonds, 
Seaboard & Roanoke R.R. Co. bonds, 
Savan., Florida & Western R'y Co. bonds, 
Southern Pacific R.R. Co. bonds, 
Southern R'y Co. bonds, . 
Toledo & Ohio Cent. R'y Co. bonds, 
Toledo Traction Co. bonds, 
Union Pacific R.R. Co. bonds, . 
Wabash R.R. Co. bonds, . 
West Va. Cent. & Pitts. R'y Co. bonds, 
Wheeling & Lake Erie R'y Co. bonds, 
Galveston city bonds, 
Georgia State bonds, 
Lincoln city bonds, . 
Portland city bonds, . 
Richmond city bonds, 
Silver City, N. M., bonds, 
Territory of Arizona bonds, 
Galveston Wharf Co. bonds, . 
National Bond & Security Co. bonds, 
Sch. Dist. No. 2, Springwells Twp., Mich., b'ds 
Suffield & Thompsonville Bridge Co. bonds, 
Western Union Telegraph Co. bonds, 
45 shares Atch., Top & Santa Fe R R. Co., 
300 " Belt R.R. & Stock Yd. Co , Ind'lis, 
200 " Cleveland & Pittsburgh R.R. Co., 
500 " Chicago Great Western R.R. Co., 
450 " Chic, Rock Isl. & Pac. R R. Co., 
200 " Ft. Wayne & Jackson R.R. Co., 
200 " Georgia R.R. & Banking Co., 
215 " Illinois Central R.R. Co., 
750 " N. Y , N. H. & Hartford R.R. Co , 
200 " New York & Harlem R.R. Co., 
575 " N. Y. Cent. & Hud. R. R.R. Co., 
154 " Norfolk &'Western R.R. Co., . 



Par Value. 

,000 00 
5,000 00 
11,000 00 
50,000 00 
28,000 00 
27,000 00 
40,000 00 
25,000 00 
20,000 00 
51,000 00 
40,000 00 
25,000 00 
50,000 00 
35,000 00 
50,000 00 
25,000 00 
25,000 00 
24,000 00 
70,000 00 
25,000 00 
50,000 00 
70,000 00 
75,000 00 
40,000 00 
25,000 00 
25,000 00 
12,000 00 
50,000 00 
50,000 00 
10,000 00 
20,000 00 
25,000 00 
8,000 00 
12,000 00 
28,000 00 
25,000 00 
4,500 00 
15,000 00 
10,000 00 
50,000 00 
45,000 00 
20,000 00 
20,000 00 
21,500 00 
75,000 00 
10,000 00 
57,500 00 
15,400 00 



Market Va'.ue. 

5,000 00 
11,000 00 
55,000 00 
27,440 00 
26,190 00 
40,000 00 
26,250 00 
21,000 00 
63,240 00 
42,00^ 
23,250 00 
64,000 00 
44,800 00 
54,000 00 
27,500 00 
26,25' 
85,200 00 
75,000 00 
25,500 
52,000 
74,800 00 
84,000 00 
40,200 00 
25,000 00 
27,500 00 
12,000 00 
61,500 00 
50,000 00 
10,000 00 
22,000 00 
25,000 00 
8,000 00 
12,000 00 
28,000 00 
28,250 00 
4,050 00 
15,500 00 
18,500 00 
45,000 00 
60,750 00 
29,000 00 
44,000 
27,440 00 
153,750 00/ 
40,000 00 
86,250 00 
12,320 00 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



305 



150 

1,115 

100 

200 

27 

80 

150 

250 

535 

25 

46 

100 

509 

360 

75 

450 

100 

25 

100 

809 

. 125 

207 

600 

500 



shares Oswego & Syracuse R.R. Co., 

" Pennsylvania R.R. Co., 

" Peoria & Bureau Valley R.R. Co. 

" Pitts., Ft. Wayne & Chic. R.R. Co. 

" St. Jos., So. B'd & South'n R.R. Co. 

" Southern Railway Co., . 

" Union Pacific Railroad Co., . 

" iEtna National Bank, Hartford, 

" Charter Oak National Bank, Hart. 

" Central National Bank, N. Y., 

" City Bank, Hartford, . 

" Far. & Mech. Natl Bank, Hart., 

" Hartford National Bank, Hart., 

" Nat'l Exch. Bank, Hartford, 

" Nat'l Bank of the Repub., Boston 

Phoenix Nat'l Bank, Hartford, 

« St. Paul Nat'l B'k, St. Paul, Minn. 

" Second Nat'l Bank, New Haven, 

" Thames National Bank, Norwich 

" Commercial Union Telegraph Co. 

" Gold & Stock Telegraph Co., 

" Hartford City Gas Lt. Co., Hart., 

" 111. & Miss. Telegraph Co., . 

" Northwestern Telegraph Co., 



Par Value. 

$7,500 00 
55,750 00 
10,000 00 
20,000 00 

2,700 00 

8,000 00 
15,000 00 
25,000 00 
53,500 00 

2,500 00 

4,600 00 
10,000 00 
50,900 00 
18,000 00 

7,500 00 
45,000 00 
10,000 00 

2,500 00 
10,000 00 
20,225 00 
12,500 00 

5,175 00 
30,000 00 
25,000 00 



Market Value. 

$15,000 00 

78,050 00 

20,000 00 

37,000 00 

1,500 00 

6,400 00 

12,000 00 

45,000 00 

53,500 00 

4,500 00 

4,600 00 

11,500 00 

69,224 00 

21,600 00 

10,500 00 

54,000 00 

10,000 00 

4,250 00 

15,000 00 

24,270 00 

15,000 00 

9,315 00 

22,500 00 

30,000 00 



$3,084,250 00 $3,627,469 00 



Summary of Assets Dec. 31, 1901, 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Stocks, bonds, etc., as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, . 

Premiums in course of collection (gross) 

Gross assets, .... 
Deduct special deposits in other States, 



Balance, . ' $5,471,716 42 



$399,053 32 
647,715 00 

3,627,469 00 

667 73 

319,574 00 

609,737 37 



$5,604,216 42 
132,500 00 



Liabilities. 

Losses adjusted, unpaid, $101,074 87 

claimed and reported, .... 237,996 08 

disputed or resisted, .... 23,606 60 

Unearned premiums on outstanding risks, . 2,555,486 15 

Commissions and brokerage, .... 84,779 42 

Return premiums and reinsurance, . . . 95,000 00 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$866,850 00 

- 995,500 00 

648,350 00 



306 



NATIONAL FIRE INSURANCE CO. OF HARTFORI). 



Reinsurance disallowed, . 
Reserve for contingencies, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 



2,084 68 
25,000 00 

13,135,027 80 
70,341 49 



13,064,686 31 

. $2,407,030 11 
. 1,000,000 00 



$1,407,030 11 



Income. 
Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, . 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents 

Income from profit and loss account, 

Gross cash income, 



71 36 

4,794,779 88 

$5,283,751 24 

609,737 37 

$4,674,013 87 

1,240,854 97 



sources, 



$3,433,158 90 

39,628 00 

153,302 10 

4,158 60 

138 40 

$3,630,386 00 



Expenditures. 

Cash paid for fire losses, $2,159,108 69 

Deduct salvage and reinsurance, . . . 407,228 25 

Net cash paid for fire losses, .... $1,751,880 44 

Cash dividends paid, 120,000 00 



Cash paid for commissions and brokerage, 

for salaries of oflicers and employees, 

for State and local taxes, 

for incidentals, 



Gross cash expenditures, . 



651,599 21 
207,625 59 
110,967 74 
360,594 06 

$3,202,667 04 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

8470,251,802 00 $4,611,944 44 
. 520,605,644 00 4,794,779 88 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$990,857,446 00 $9,406,724 32 
. 391,259,277 00 3,719,379" 20 



$599,598,169 00 $5,687,345 12 
. 92,930,104 00 866,056 31 



$506,668,065 00 $4,821,288 81 



NATIONAL-STANDARD INSURANCE CO. OF NEW YORK. 307 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 



$34,630,506 00 

18,090,321 00 

1,867,068 00 

2,777,000 00 

120,000 00 

93,700 00 



« NATIONAL-STANDARD INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated Feb. 14, 1896. Commenced business Feb. 20, 1896.] 

Paid-up Capital, $200,000. 

R. BLEECKER RATHBONE, President. EMIL G. PIEPER, Secretary. 

Detailed Statement of Bonds. 

Par Value. Market Value. 

United States bonds, $200,000 00 $212,000 00 

New York city bonds, 200,000 00 211,650 00 



f 400,000 00 $423,650 00 



Summary of Assets Dec. 31, 1901. 



Bonds, as per schedule, .... 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



$423,650 00 

101,427 79 

1,083 33 

94,404 07 



$620,565 19 



Liabilities. 
Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



$47,357 00 
735 00 

$48,092 00 
12,511 00 

$35,581 00 

217,777 13 

17,972 05 

35,163 89 

500 74 



306,994 81 

$313,570 38 
200,000 00 



Surplus over capital, $113,570 38 



308 NATIONAL-STANDARD INSURANCE CO. OF NEW YORK. 



Income. 
Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest and dividends received from all sources, . 



$58,511 08 
661,912 96 

i,424 04 
94,404 07 

$626,019 97 
221,071 70 



|404,948 27 
13,242 11 



Gross cash income, £418,190 38 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$285,912 61 




69,137 44 






$216,775 17 




855 20 




55 20 






24,000 00 




121,768 18 




3,215 00 




11,017 41 




3,147 64 




f379,923 40 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . .$31,932,64100 $344,53178 
Fire risks written during 1901, . . . 56,024,251 00 661,912 96 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$87,956,892 00 §1,006,444 74 
. 40,177,398 00 460,551 13 



. $47,779,494 00 $545,893 61 
. 10,549,003 00 121,347 13 



$37,230,491 00 $424,546 4S 



Miscellaneous. 
Premiums received from organization of company. 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 



$1,545,681 00 

866,401 00 

234,433 00 

126,000 00 

24,000 00 

92,000 00 



NATIONAL UNION FIRE INSURANCE CO. 



309 



"NATIONAL UNION FIRE INSURANCE COMPANY OF PITTS- 
BURG, PA.," PITTSBURG, PA. 

[Incorporated Feb. 14, 1901. Commenced business March, 1901.] 

Paid-up Capital, $500,000. 

J. W. ARROTT, President. E. E. COLE, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Pennsylvania Water Co. bonds, . . . $50,000 00 $57,000 00 

Union Gas Co. bonds, 21,000 00 21,525 00 

West Braddock Bridge Co. bonds, . . . 23,000 00 24,380 00 

Sharon Steel Co. bonds, 23,000 00 23,000 00 

Standard Sanitary Manufacturing Co. bonds, . 25,000 00 26,250 00 

New York city bonds, 80,000 00 86,900 00 

Latrobe Water Co. bonds, .... 30,000 00 31,800 00 

Pittsburgh & Buffalo Co. bonds, . . . 20,000 00 20,400 00 

Conn. R'y & Lighting Co. bonds, . . . 20,000 00 20,000 00 

St. Joe Water Co. bonds, 50,000 00 50,000 00 

Pittsburgh, Bessemer & Lake Erie bonds, . 20,000 00 24,000 00 

Central Traction Co. bonds, .... 25,000 00 28,750 00 

Wilkinsburg & Verona St. R'y Co. bonds, . 25,000 00 27,500 00 

Philadelphia city bonds 10,000 00 11,000 00 

Central of Georgia bonds, .... 20,000 00 18,300 00 

25 shares Farmers' Dep. Nat'l Bank (Pitts.), . 2,500 00 22,875 00 

25 " Second National Bank (Pitts'.), . 2,500 00 17,500:00 

40 " Tradesman's National Bank (Pitts.), 4,000 00 7,000 00 



$451,000 00 $518,180 00 



Summary of Assets Dec 31, 1901. 

Cash value of unencumbered real estate, . $8,000 00 

Loans on mortgage of real estate (first liens *), 256,422 00 

Interest due or accrued thereon, . . . 4,574 30 

Stocks and bonds, as per schedule, . . . 518,180 00 

Cash in the office of the company, . . . 5,096 44 

Cash deposited in bank, 47,975 95 

Interest due and accrued, 3,066 67 

Premiums in course of collection (gross), . 43,46167 
Prems. more than three mos. due, $390 47 

Gross assets 



$886,777 03 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



S213.300 00 
373,750 00 
276,200 00 



310 



NATIONAL UNION FIRE INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



§10,905 62 

14,599 05 

5,744 72 

§3 1,249 39 
1,801 27 

$29,448 12 
120,420 25 

8,034 76 
473 34 

2,014 28 



§160,390 75 

,386 28 
500,000 00 



Surplus over capital, -5226,386 28 



Income. 
Fire premiums on risks written, 
Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Profit on sale of bonds, 
Received for calls on capital, . 
Received for surplus, 



other 



§250,372 15 
43,852 14 

§206,520 01 
37,553 21 



sources, 



$500,000 00 
250,000 00 



§168,966 80 

3,443 73 

12,009 61 

675 00 



Gross cash income, $185,095 14 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of oflicers and employees, 

for State and local taxes, 

for incidentals, .... 



§19,186 87 
677 13 



§18,509 74 

48,116 84 

9,174 92 

1,660 28 

31,750 21 



Gross cash expenditures, §109,211 99 






NEWARK FIRE INSURANCE CO. 



311 



Risks and Premiums. 

Premiums. 

Fire risks written during 1901, . . .$21,560,864 00 $250,372 15 
Deduct risks expired and terminated, . . 3,370,153 00 41,763 27 



In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. § 18,190,711 00 
602,183 00 



§208,608 88 
6,818 52 



$17,588,528 00 §201,790 36 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 

Company's stock owned by directors, 



§168,967 00 

18,510 00 

47,958 00 

175,000 00 






"NEWARK FIRE INSURANCE COMPANY, 1 ' NEWARK, N. J. 

[Incorporated May 14, 1810. Commenced business May 14, 1810.] 

Paid-up Capital, $250,000. 

JOHN J. HENRY, President. CHARLES M. HENRY, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds $38,000 00 

West Shore R.R. bonds, 48,000 00 

Essex Passenger R.R. bonds, .... 5,000 00 

Hoboken Land and Improvement bonds, . 25,000 00 

Essex County Park bonds, .... 35,000 00 

Newark Gas Co. bonds, 10,000 00 

Morris & Essex R.R. stock 20,000 00 

Newark city water bonds, .... 4,000 00 

National State Bank stock, .... 15,900 00 

Na'ional Newark Banking Co. stock, . . 7,700 00 

Newark City National Bank stock, ." . . 14,250 00 

Elizabeth city bonds, 15,000 00 

Newark consolidated gas bonds, . . . 15,000 00 



Market Value. 

$42,260 00 
54,320 00 
5,350 00 
26,250 00 
39,200 00 
14,000 00 
38,000 00 
4,400 00 
31,800 00 
23,100 00 
28,500 00 
15,000 00 
15,750 00 



$252,850 00 $337,930 00 



Summary of Assets Dec. 31, 1901. 
Cash value of unencumbered real estate, . §86,700 00 
Loans on mortgage of real estate (first liens *), 215,680 00 
Interest due or accrued thereon, . . . 2,793 22 

* Value of lands mortgaged $220,250 00 

Value of buildings thereon, 365,550 00 

Amount of insurance held as collateral, .... 2!i7,600 00 



312 



NEWARK FIRE INSURANCE CO. 



Stocks and bonds, as per schedule, . . . $337,930 00 

Cash in the office of the company, . . . 458 15 

Cash deposited in bank, 23,472 30 

Interest due and accrued, 2,905 81 

Premiums in course of collection (gross), . 24,747 59 

Notes taken for fire risks, .... 100 00 

Rents due and accrued, 153 00 

Prem's more than three mos. due, §2,852 80 

Gross assets, 



$694,940 07 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 

•Reinsurance, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$7,271 87 
6,253 21 
2,821 80 

$16,346 88 
344 64 

$16,002 24 
120,006 06 
6,726 50 
1,279 19 
1,281 99 
5,548 11 
1,638 42 



152,482 51 

|542,457 56 
250,000 00 

$292,457 56 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



$22,401 44 

595 32 

$21,806 12 

187,321 30 

£209,127 42 

27,600 39 

$181,527 03 

32,626 02 



sources, 



$148,901 01 

11,380 06 

14,474 82 

2,412 12 

$177,168 01 



NEW HAMPSHIRE FIRE INSURANCE CO. 



313 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expenses on real estate, 

for premiums on stocks, . 

for incidentals, 

Gross cash expenditures, . 



$96,668 26 
9,601 98 



$87,066 28 

25,158 85 

33,249 74 

21,282 89 

8,326 77 

253 56 

375 00 

13,098 52 

$188,811 61 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . . $28,724,225 00 $229,240 42 
Fire risks written during 1901, . . . 18,690,274 00 187,321 30 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$47,414,499 00 $416,561 72 
15,811,503 00 168,543 15 



.$31,602,996 00 $248,018 57 
. 1,829,009 00 12,481 10 



.$29,773,987 00 $235,537 47 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$5,400,916 00 

2,800,028 00 

94,567 00 

915,577 00 

25,000 00 

24,795 00 



"NEW HAMPSHIRE FIRE INSURANCE COMPANY," 
MANCHESTER, N. H. 

[Incorporated 1869. Commenced business April, 1870.] 
Paid-up Capital, $1,000,000. 
U. C. CROSBY, President. F. W. SARGEANT, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

$25,000 00 $27,750 00 

50,000 00 51,000 00 

10,000 00 10,500 00 

5,000 00 5,000 00 

25,000 00 30,000 00 



United States government bonds, 
City of Cleveland, Ohio, bonds, 
City of Columbus, Ohio, bonds, 
City of Ashtabula, Ohio, bonds, 
City of East Portland, Ore., bonds, 



314 



NEW HAMPSHIRE FIRE INSURANCE CO. 



City of Seattle, Wash., bonds, . 

City of Moorhead, Minn., bonds, 

State of Georgia bonds, . 

Central R.R. Co. of New Jersey bonds, 

Watertown & Rome R.R. bonds, 

New York & New England R.R. bonds, 

Boston, Concord & Montreal R.R. bonds, 

Concord & Montreal R R. bonds, 

Fitchburg R.R. bonds, 

Atch., Topeka & Santa Fe R.R. bonds, 

Grand Rapids, Beld. & Saginaw R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Union Pacific R.R. bonds, .... 

Northern Pacific R R. bonds, . 

Oregon Short Line R.R. bonds, 

Michigan Central R.R. bonds, . 

Montana Central R.R. bonds, . 

Lehigh Valley Terminal R'y Co. bonds, . 

Utah & Northern R.R. bonds, . 

Cincin Richmond & Muncie R.R. bonds, 

Northern Pacific Great Northern bonds, . 

West End Street Railway Co. bonds, 

Manchester Trac, L't, Heat & P'r Co. bonds, 

Hillsborough County, X. H., bonds, 

Adams Express Co. bonds, 

Minneapolis Gas Light Co. bonds, . 

Central Loan & Land Co. bonds, 

National Loan & Trust Co. bonds, . 

Nashua Card & Glazed Paper Co. bonds, 

Grand Forks Gas & Electric Co. bonds, . 

Minneapolis General Electric Co. bonds, 

Swift & Co., Chicago, bonds, . 

American Telephone & Telegraph Co. bond 

Erie Telegraph & Telephone Co. bonds, . 

Suncook Valley R.R. stock, 

Pennsylvania R.R. stock, .... 

N. Y. Central & Hudson River R.R. stock, 

N. Y , New Haven & Hartford R.R. stock, 

Norwich & Worcester R.R. stock, . 

Pemigewasset Valley R.R. stock, 

Boston & Albany R.R. stock, . 

Boston & Maine R.R. stock, 

Concord & Montreal R.R. stock, 

Delaware & Hudson Canal Co. stock, 

Maine Central R.R. stock, 

Northern Railroad, N. H , stock, 

Fitchburg Railroad stock, 



Par Value. 

§ 10,000 00 
2,000 00 
10,000 00 
30,000 00 
10,000 00 
20,000 00 
50,000 00 
140,000 00 
40,000 00 
50,000 00 
8,000 00 
53,000 00 
25,000 00 
10,000 00 
25,000 00 
35,000 00 
35,000 00 
25,000 00 
25,000 00 
12,000 00 
25,000 00 
170,000 00 
5,000 00 
25,000 00 
15,000 00 
25,000 00 
20,000 00 
13,700 00 
7,860 00 
10,000 00 
5,000 00 
25,000 00 
25,000 00 
30,000 00 
15,000 00 
4,000 00 
73,300 00 
57,500 00 
40,000 00 
5,000 00 
26,000 00 
20,000 00 
30,000 00 
37,500 00 
30,000 00 
10,000 00 
13,000 00 
10,000 00 



Market Value. 
£ 10,500 

11,500 00 

36,400 00 
11,000 
21,700 00 
60,000 00 
148,400 00 
42,000 00 
50,000 00 
8,800 00 
55,250 00 
25,000 00 
10,500 00 
25,000 00 
41,250 00 
35,700 00 
29,250 
27,500 00 
13,800 00 
26,250 00 
161,500 00 
5,050 00 
26,250 00 
15,000 00 
26,000 00 
20,000 00 
9,200 00 
5,895 00 
10,000 00 
5,000 00 
25,500 00 
25,500 00 
30,000 00 
15,000 00 
4,800 00 
102,620 00 
92,000 00 
83,600 00 
10,0Q0 00 
32,500 00 
50,000 00 
54,000 00 
73,125 00 
-.000 00 
16,000 00 
•21,190 00 
14,000 00 



NEW HAMPSHIRE FIRE INSURANCE CO. 



315 



Pitts , Fort Wayne & Chicago R.R. stock, 
Illinois Central Railroad stock, 
Chicago, Rock Island & Pacific R.R. stock, 
Chic. June. R'ys & Union Stock Yards Co. st'k, 
Chicago & Northwestern Railroad stock, 
Chicago, Milwaukee & St. Paul R.R. stock, 
Merchants' N'l B'k, Manchester, N. H., stock, 
Pemigewasset N'l B'k, Plymouth, N. H., stock, 
First National B'k, Peterborough, N. H., stock, 
First National Bank, Concord, N. H., stock, . 
Laconia National Bank, Laconia, N. H., stock, 
Lancaster Nat'l B'k, Lancaster, N. H., stock," 
Lancaster Trust Co., Lancaster, N. H., stock, 
Exeter Banking Co., Exeter, N. H., stock, 
Amoskeag Mfg. Co., Manchester, N. H., stock 
Amory Manufacturing Company stock, . 
Manchester Mills, Manchester, N. H , stock, 
Quincy Railroad Bridge Co. stock, . 
Pullman's Palace Car Co. stock, 
Manchester, N. H., Gas Light Co. stock, 
American Express Company stock, . 
Adams Express Company stock, 



Par Value. 

$20,000 00 

66,000 00 

26,400 00 

20,000 00 

40,000 00 

22,000 00 

13,000 00 

6,000 00 

5,000 00 

8,000 00 

1,700 00 

5,000 00 

2,500 00 

1,000 00 

10,000 00 

3,300 00 

40,000 00 

20,000 00 

30,000 00 

, 2,000 00 

10,000 00 

10,000 00 



Market Value. 

$ 36,000 00 

85,800 00 

36,960 00 

25,000 00 

80,000 00 

35,500 00 

16,250 00 

8,400 00 

6,500 00 

24,000 00 

1,700 00 

6,250 00 

2,500 00 

1,100 00 

17,000 00 

4,455 00 

40,000 00 

40,000 00 

60,000 00 

12,000 00 

19,000 00 

18,000 00 



Securities held as collateral for cash loans : - 

250 shares Swift Refrigerator Transp. Co., 
426 " Exeter Manufacturing Co., 
Exeter Manufacturing Company bonds, . 
350 shares Atchison, Topeka & Santa Fe R.R., 
350 " American Woolen Company, . 
150 " Swift & Co,, . . . ' . 



$ 1,864,760 00 $2,374,195 00 



Market Value. Loaned Thereon. 



$32,500 00 
21,300 00 
12,000 00 
33,250 00 
24,500 00 
15,150 00 



$25,000 00 
25,000 00 

25,000 00 
30,000 00 



$138,700 00 $105,000 00 



Summary of Assets Dec. 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 



31, 1901. 

$168,981 62 

487,016 66 

5,107 00 

2,374,195 00 

105,000 00 

629 56 

197,888 03 



* Value of lands mortgaged $484,860 00 

Value of buildings thereon 777,250 00 

Amount of insurance held as collateral, .... 480,050 00 



316 



NEW HAMPSHIRE FIRE INSURANCE CO. 



Interest due and accrued, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



$5,887 46 
173,304 71 



$3,518,010 04 
11,500 00 



Balance, $3,506,510 04 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$59,102 82 

110,889 00 

20,096 00 

1,241,320 91 

43,326 18 

25,442 26 

$1,500,177 17 
7,228 10 



1,492,949 07 

. $2,013,560 97 
. 1,000,000 00 



$1,013,560 97 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



Expenditures 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employ 
for State and local taxes, 
for profit and loss account, 
for incidentals, 



Gross cash expenditures, 



$191,575 46 
1,845,100 85 

$2,036,676 31 
173,304 71 

$1,863,371 60 
415,124 63 



sources, 



61,448,246 97 

29,321 74 

101,787 41 

18,645 83 

$1,598,001 95 



$1,109,110 40 
188,279 64 




$920,830 76 

100,000 00 

361,074 71 

68,741 84 

54,457 61 

7,689 53 

84,968 32 

$1,597,762 77 



NEW YORK FIRE INSURANCE CO. 



317 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . $211,217,571 00 $2,458,408 32 
Fire risks written during 1901, .. . 153,006,179 00 1,845,100 85 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$364,223,750 00 $4,303,509 17 
140,267,700 00 1,711,930 32 



$223,956,050 00 $2,591,578 85 
13,956,584 00 161,040 16 



$209,999,466 00 $2,430,538 69 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), » 
Company's stock owned by directors, .... 



$19,465,709 00 

10,697,590 00 

930,133 00 

1,373,000 00 

100,000 00 

233,000 00 



"NEW YORK FIRE INSURANCE COMPANY OF THE CITY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated April 18, 1832. Commenced business Dec. 22, 1832.] 

Paid-up Capital, $200,000. 

AUGUSTUS COLSON, President. CHARLES A. HULL, Secretary. 

Detailed Statement of Stocks and Bonds. 



United States bonds, 

Pennsylvania R.R. Co. stock, . 

N. Y., New Haven & Hart. R.R. stock, 

National Bank of Commerce stock, . 



Par Value. Market Value. 

$200,000 00 $217,000 00 

10,000 00 15,000 00 

10,000 00 21,200 00 

2,500 00 9,000 00 



$222,500 00 $262,200 00 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



$100,000 00 

262,200 00 

13,068 79 

34,020 07 

54 17 



$409,343 03 



318 



NEW YORK FIRE INSURANCE CO. 



Liabilities. 
Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, . 



$25,786 67 
1,398 78 

$27,185 45 
313 00 

$26,872 45 

128,082 53 

6,993 23 

500 59 



$ 162,448 80 

$246,894 23 
200,000 00 

846,894 23 



Income, 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 

Total 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



$30,642 63 
253,941 49 

$284,584 12 
33,858 15 

$250,725 97 
50,984 31 



8199,741 66 



Marine premiums outstanding Dec. 31, 1900, . 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash marine premiums received, 
Interest and dividends received from all sources, 
Income from rents, 



$6,157 44 
21,513 28 

$27,670 72 
161 92 

$27,508 80 
6,060 39 



$21,448 41 

10,118 37 

1,874 96 



Gross cash income, $233,183 40 



Expe>~ditures. 
Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, 



§141,896 54 
3,821 23 

$32,341 96 
3,092 13 



8138,075 31 



29,249 83 



NIAGARA FIRE INSURANCE CO. 



319 



Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



Gross cash expenditures, 



§12,000 00 

42,732 26 

20,716 21 

5,155 94 

12,587 93 

$260,517 48 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

.$20,971,957 00 $178,634 31 
. 25,000,260 00 253,941 49 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 

Total, ..... 

Deduct risks expired and terminated, 

In force at end of year, 



.$45,972,217 00 $432,575 80 
. 24,873,740 00 215,855 98 



$21,098,477 00 $216,719 82 
629,633 00 6,951 73 



. $20,468,844 00 $209,768 09 

. $2,131,224 00 $72,103 54 
756,226 00 21,513 28 



. $2,887,450 00 $93,616 82 
. 2,358,221 00 75,969 67 



$529,229 00 $17,647 15 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . 



$6,452,760 00 

3,102,325 00 

139,071 00 

26,620 00 

1,514,000 00 

12,000 00 

86,000 00 



"NIAGARA FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated July, 1S50. Commenced business August, 1850.] 

Paid-up Capital, $500,000. 

HAROLD HERRICK, President. GEORGE W. DEWEY, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $85,000 00 $108,700 00 

territory N. Mexico Provisional Indebt. bMs, . 10,000 00 11,500 00 

Tew York city school house bonds, . . 200,000 00 200,000 00 

few York city water stock 60,000 00 60,000 00 



320 



NIAGARA FIRE INSURANCE CO. 



Additional water stock of the city of N. Y., 

Corporation bonds of the city of N. Y., . 

Corporate stock of the city of N. Y., 

Wabash Railway Co. bonds, 

N. Pac. R'y Co. Prior Lien & Land Grant b'ds 

Atch., Topeka & Santa Fe R.R. bonds, . 

Denver & Rio Grande R.R. Co. bonds, 

Union Pacific R.R bonds, 

Baltimore & Ohio R'y Co. bonds, 

Norfolk & Western R'y Co bonds, . 

Central Pacific R.R. bonds, 

North. Pacific, Gt. Northern R.R. joint bonds, 

The Third Avenue R.R. Co. bonds, . 

Lake (111.) Gas Co. of Cook Co., 111., bonds, 

Lehigh & Wilkes-Barre Coal Co. bonds, . 

Lehigh Coal & Navigation Co. bonds, 

The N. Y. Gas, Elec. Light, Heat & P. Co. bonds 
500 shares Lehigh Coal & Navigation Co , 
300 " N. Y., Lack. & Western R'y, 

1,900 " Chic , Mil. & St. Paul R.R., . 

1,000 " Union Pacific R.R., 
100 " Pitts., Ft. Wayne & Chic. R.R., 
100 " Rensselaer & Saratoga R.R., 
200 " Cleveland & Pittsburg R.R., 

2,000 " Pennsylvania R.R., 
400 M Morris & Essex R.R., . 

1,000 " N. Y. Central & Hud. River R.R, 
350 " American Exchange Nat'l Bank, 
700 " Consolidated Gas Co., . 



Par Value. 

',000 00 
25,000 00 

100,000 00 
50,000 00 
50,000 00 
50,000 00 
15,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
20,000 00 
20,000 00 
25,000 00 
50,000 00 
25,000 00 
30,000 00 

190,000 00 

100,000 00 
10,000 00 
10,000 00 
10,000 00 

100,000 00 
20,000 00 

100,000 00 
35,000 00 
70,000 00 



Market Value. 

,000 00 
26,500 00 

105,500 00 
57,500 00 
50,000 00 
50,000 00 
15,000 00 
50,000 00 
49,250 00 
50,000 00 
50,000 00 
49,500 00 
50,000 00 
22,000 00 
20,000 00 
25,000 00 
48,500 00 
37,500 00 
39,000 00 

336,500 00 
90,000 00 
19,000 00 
21,000 00 
19,000 00 

150,000 00 
38,400 00 

167,000 00 
98,000 00 

150,500 00 



$1,860,000 00 $2,364,850 00 



Summary of Assets Dec. 31, 1901. 

Loans on mortgage of real estate (first liens *), $ 192,000 00 

Interest due or accrued thereon, . . . 6,347 26 

Stocks and bonds, as per schedule, . . . 2,364,850 00 

Cash in the office of the company, . . . 636 96 

Cash deposited in bank, 211,464 44 

Interest due and accrued, ...... 4,324 99 

Premiums in course of collection (gross), . 327,125 16 
Prem's more than three mos. due, $2,507 40 

Gross assets,f 

Deduct special deposits in other States, 



§3,106,748 81 
120,200 00 



Balance 12,986,548 81 

* Value of property mortgaged $321,000 00 

Amount of insurance held as collateral 129,500 00 

t Including $250,000 special reserve held under New York laws. 



NIAGARA FIRE INSURANCE CO. 



321 



Liabilities, 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 
Miscellaneous, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 



f81,860 78 

139,767 61 

32,703 41 

$254,331 80 
48,850 14 

$205,481 66 

1,492,752 51 

63,723 98 

16,978 23 

2,488 58 

2,171 67 

$1,783,596 63 
11,092 95 



$1,772,503 68 

$1,214,045 13 
500,000 00 

$714,045 13 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from all other sources, 



Gross cash income, 



$270,139 43 
2,525,860 12 

$2,795,999 55 
327,125 16 

$2,468,874 39 
621,841 45 



other sources, 



$1,847,532 94 

12,255 76 

86,838 34 

3,764 61 

$1,950,391 65 



.Expenditures. 

Cash paid for fire losses, $ 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . ' . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



1,441,971 65 
292,311 56 



Gross cash expenditures, . 



$1,149,660 09 

50,000 00 

367,748 38 

157,846 21 

53,168 44 

142,164 79 

$1,920,587 91 



322 THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . 27,460,221 00 £3,062,456 68 

Fire risks written during 1901, . . . 237,773,080 00 2,525,860 12 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



8565,233,301 00 $5,588,316 80 
. 225,261,026 00 2,308,436 62 



8339,972,275 00 §3,279,880 18 
. 44,488,521 00 393,396 15 



£295,483,754 00 £2,886,484 03 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



146,373,184 00 

25,802,877 00 

1,182,313 00 

2,684,000 00 

50,000 00 

161,350 00 



"THE NORTH BRITISH AND MERCANTILE INSURANCE 
COMPANY OF NEW YORK," NEW YORK, N. Y. 

[Incorporated October, 1S97. Commenced business October, 1897.] 
Paid-up Capital, $200,000. 
E. G. RICHARDS, President. J. F. HASTINGS, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 
$50,000 00 

50,000 00 



United States bonds, . 

New York State bonds, '. 

City of Brooklyn bonds, . 

New York city bonds, 

Southern R'y Co.'s stock, . 

Chic, Mil. & St. Paul R.R. Co.'s stock, 



50,000 00 

153,000 00 

100,000 00 

67,500 00 



Market Value. 

$55,500 00 
51,000 00 
52,500 00 

159,530 00 
88,000 00 

127,575 00 



£470,500 00 $534,105 00 



Summary of Assets Dec. 31, 1901. 

Stocks and bonds, as per schedule, . . . § 534,105 00 

Cash deposited in bank, 14,032 54 

Interest due and accrued, 2,526 00 






THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 323 



Premiums in course of collection (gross) , 

Reinsurance due for losses paid, 

Prems. more than three mos. due, $72 18 


$13,470 22 
1,800 82 


$565,934 58 


Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, .... 
disputed or resisted, . . 


$1,981 54 
5,567 74 
1,000 00 


Total amount of losses, 

Less reinsurance, 


$8,549 28 
7,888 86 




Net amount of unpaid losses, .... 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Commissions and brokerage, .... 
Gross liabilities, except capital, 


$660 42 

34,608 63 

108 00 

2,978 46 


38,355 51 


$12,964 34 
123,012 78 


Surplus as regards policy holders, . 


$527,579 07 
200,000 00 


Surplus over capital, 

Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 


$327,579 07 


Total, 

Premiums now in course of collection, . 


$135,977 12 
13,542 40 




Entire premiums collected, .... 
Less reinsurance and return premiums, . 


$122,434 72 
69,487 06 


$52,947 66 
15,251 82 


Interest and dividends received from all sources, 


$46,593 07 
30,390 68 


Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 


$68,199 48 

$16,202 39 
9,924 68 
2,425 00 
3,737 78 
2,321 39 


Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Deposits returned on perpetual fire risks, 


• ■ • 

$120 00 



Gross cash expenditures, 



$34,611 24 



324 



NORTHERN INSURANCE CO. OF NEW YORK. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Perpetual risks in force (not incl'd above), 



.$10,179,191 00 
. 18,541,107 00 



. §28,720,298 00 
. 14,076,965 00 

.$14,643,333 00 
. 5,162,496 00 

. $9,480,837 00 

|3,000 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



Premiums. 

$88,247 06. 
122,892 78 

$211,139 84 
94,378 52 

$116,761 32 
58,156 13 

■<,605 19 

$120 00 



;,359 00 
93,690 00 
16,817 00 



"NORTHERN INSURANCE COMPANY OF NEW YORK, " 

NEW YORK, N. Y. 

[Incorporated Oct. 22, 1897. Commenced business Oct. 25, 1897. ] 

Paid-up Capital, $250,000. 

LEANDER N. LOVELL, President. JAMES MARSHALL, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

New York city bonds, $175,000 00 $181,125 00 

United States bonds, 100,000 00 139,500 00 

West Shore R.R. bonds 25,000 00 28,500 00 

Northern Pac.-Great Northern R'y bonds, . 20,000 00 19,800 00 

1,000 " Pennsylvania R.R. Co., . . 50,000 00 75,250 00 

200 " Atch., Topeka & Santa Fe R.R., . 20,000 00 20,500 00 

200 " Union Pacific R'y Co., . . . 20,000 00 18,000 00 

100 " Chic, Mil. & St. Paul R'y Co., . 10,000 00 16,500 00 

$420,000 00 6499,175 00 

31, 1901. 

$499,175 00 

2,201 26 

35,151 48 

1,631 09 

41,145 00 

4,810 25 

27 09 

8584,141 17 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross) , 
Reinsurance due on losses paid, 

Miscellaneous, ." 

Gross assets, ... 



NORTHERN INSURANCE CO. OF NEW YORK. 



325 



Liabilities. 



Losses claimed and reported, 
Less reinsurance, 



Net amount of unpaid losses, . . 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Commissions and brokerage, . 

Reinsurance, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$45,388 60 
18,777 20 

$26,611 40 
142,829 79 

2,000 00 
13,892 46 

1,137 73 



,471 38 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1900, . $27,958 35 
Premiums on risks written or renewed, . . 291,884 09 

Total, $319,842 44 

Premiums now in course of collection, . . 41,145 00 

Entire premiums collected, .... $278,697 44 
Less reinsurance and return premiums, . . 55,223 31 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 

Profit on sale of securities, 



$397,669 79 
250,000 00 

$147,669 79 



$223,474 13 
19,936 25 
15,073 89 






Gross cash income, $258,484 27 

Expenditures. 

Cash paid for fire losses, $320,731 59 

Deduct salvage and reinsurance, . . . 198,791 81 

Net cash paid for fire losses, . 

Cash paid for commissions and brokerage, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $24,214,180 00 
. 30,273,141 00 

. $54,487,321 00 
. 27,777,619 00 

. $26,709,702 00 
. 2,300,000 00 



$121,939 78 

77,173 74 

5,655 51 

4,559 66 

$209,328 69 



Premiums. 

$262,183 84 
291,884 09 

$554,067 93 
247,086 21 

$306,981 72 
23,972 88 



. $24,409,702 00 $283,008 84 



326 



THE NORTH GERMAN FIRE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 



$989,133 00 

614,715 00 

111,825 00 

12,000 00 

88,300 00 



"THE NORTH GERMAN FIRE INSURANCE COMPANY OF 
NEW YORK," NEW YORK, X. Y. 

[Incorporated May 15, 1899. Commenced business June 17, 1899.] 

Paid-up Capital, $200,000. 

C. PERGER, President. E. HARBERS, Secretary. 



Detailed Statement of Bonds. 

Par Value. 

Union Pacific R.R. bonds, 5, 000 00 

United States bonds, 25,000 00 

New York city bonds 218,000 00 



Market Value. 

?26,250 00 

27,125 00 

21o,515 00 



8268,000 00 £268,890 00 



Summary of Assets Dec 31, 1901. 



Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



$268,890 00 

23 00 

19,152 75 

1,733 32 

43,348 39 



$333,147 46 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
State and local taxes, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, . 



§6,276 75 
8,435 53 
3,550 00 

§18,262 28 
103 55 

$18,158 73 

89,172 19 

1,000 00 

15,458 85 

625 96 



124,415 73 

§208,731 73 
200,000 00 

-.731 73 



THE NORTH GERMAN FIRE INSURANCE CO. 



327 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, 



[,184 19 
182,328 73 

|203,512 92 
43,348 39 

$160,164 53 
41,826 38 



$118,338 15 
8,150 00 



Gross cash income, §126,488 15 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$73,086 75 
7,661 92 



$65,424 83 

36,070 32 

8,313 89 

2,442 54 

4,101 81 

$116,353 39 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$10,060,581 00 
15,094,555 00 



Premiums. 

$110,974 01 
182,328 73 



$25,155,136 00 $293,302 74 
11,066,309 00 123,360 90 



$14,088,827 00 $169,941 84 
817,466 00 8,722 02 



.$13,271,361 00 $161,219 82 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$287,402 00 

112,403 00 

75,920 00 

95,300 00 



328 



THE NORTH RIVER INSURANCE CO. 



"THE NORTH RIVER INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated Feb. 6, 1822. Commenced business March 6, 1822.] 

Paid-up Capital, $350,000. 

WM. E. IIUTCHINS, President. FREDERICK H. CRUM, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

New York city bonds, $415,000 00 

400 shares Pennsylvania R.R., .... 20,000 00 

100 " Chicago & Alton R'y, . . . 10,000 00 
100 " St. Louis & San Francisco R.R., 



200 



Union Pacific R.R, 



10,000 00 



Market Value. 

£417,238 75 

30,000 00 

7,600 00 

8,400 00 



20,000 00 18,000 00 



Summary of Assets Dec. 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 

Cash deposited in bank, 

Interest due and accrued, 

Premiums in course of collection (gross), 
Reinsurance due on losses paid, 
Prem's more than three mos. due, $1,530 62 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid, 
Commissions and brokerage, . 
Return premiums and reinsurance, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 



$475,000 00 $481,238 75 

31, 1901. 

$103,451 10 

60,900 00 

1,513 15 

481,238 75 

137,115 04 

2,382 90 

67,185 10 

2,595 97 

$856,382 01 



Surplus over capital, 



$7,880 71 
21,437 25 

$29,317 96 
2,212 84 

$27,105 12 

271,909 59 

3,499 00 

16,581 77 

10,294 37 

639 97 



330,029 82 

$526,352 19 
350,000 00 

$176,352 19 



* Value of lands mortgaged, $129,900 00 

Value of buildings thereon, S2.600 00 

Amount of insurance held as collateral, .... 76,975 00 



THE NORTH RIVER INSURANCE CO. 



329 



Income. 

Fire premiums outstanding Dec. 31, 1900, . $64,359 80 
Same not collected, 1,447 59 

Net collected, $62,912 21 

Premiums on risks written or renewed, . . 501,435 68 

Total, . . $564,347 89 

Premiums now in course of collection, . . 68,715 72 

Entire premiums collected, .... $495,632 17 

Less reinsurance and return premiums, . . 126,957 55 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Profit on sale of bonds, 

Gross cash income, . 



$368,674 62 

3,123 10 

21,180 44 

3,686 06 

$396,664 22 






Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



$241,808 37 
22,138 92 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

. Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



.$58,278,611 00 
. 57,112,215 00 

$115,390,826 00 
. 48,650,021 00 



,740,805 00 
4,542,480 00 



8219,669 45 
27,285 25 
87,787 17 
31,416 25 
4,155 44 
15,723 45 

$386,037 01 



Premiums. 

$466,299 69 
501,435 68 

$967,735 37 
424,694 36 

$543,041 01 
25,536 75 



. $62,198,325 00 $517,504 26 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent), . 
Company's stock owned by directors, . 



^6,516,624 00 

2,936,311 00 

198,301 00 

2,724,750 00 

28,000 00 

93,975 00 



330 



NORTHWESTERN NATIONAL INSURANCE CO. 



"NORTHWESTERN NATIONAL INSURANCE COMPANY OF 
MILWAUKEE, WISCONSIN," MILWAUKEE, W 

[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.] 
Paid-up Capital, $600,000. 
ALFRED JAMES, President. W. D. REED, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $200,000 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 200,000 00 

Milwaukee, Lake Shore & Western R.R. b'ds, 50,000 00 

Chicago & Northwestern R'y bonds, . . 100,000 00 

Chicago, Burlington & Quincy R.R. bonds, . 50,000 00 

Atchison, Topeka & Santa Fe R'y bonds, . . 100,000 00 

Southern R'y Co. bonds, 100,000 00 

Union Pacific R'y bonds, 100,000 00 

Northern Pacific R'y Co. bonds, . . . 100,000 00 

Pittsburgh, C, C. & St. L. R'y bonds, . . 100,000 00 

Milwaukee city bonds, 79,000 00 

Chicago Sanitary District bonds, . . . 50,000 00 

Waukesha sewerage bonds, .... 30,000 00 

Baltimore & Ohio R'y bonds, .... 100,000 00 

Chicago & Alton R'y bonds, .... 100,000 00 

Wisconsin Central R'y bonds, .... 50,000 00 

Union Pacific R'y stock, 50,000 00 



Market Value. 

$276,000 00 

226,750 00 

67,500 00 

103,000 00 

52,000 00 

101,000 00 

117,000 00 

103,000 00 

103,000 00 

108,000 00 

82,160 00 

53,000 00 

31,500 00 

99,500 00 

84,000 00 

44,000 00 

44,000 00 



$1,559,000 00 $1,695,410 00 



Summary of Assets Dec 31, 1901. 



Loans on mortgage of real estate (fir 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 



st liens*), $1,048,656 67 

7,757 45 

1,695,410 00 

9,518 30 

133,767 10 

5,666 65 

231,423 99 



$3,132.2' 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



§10,361 67 

64,366 25 

2,900 00 

$77,627 92 
11,672 79 

865,955 13 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$2,169,030 00 
1,706,417 00 

97S.700 00 



NORTHWESTERN NATIONAL INSURANCE CO. 



331 



Unearned premiums on outstanding risks, 
Special reserve for large conflagrations, . 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, .... 

Miscellaneous, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . 



fl,322,459 85 

50,000 00 

58,856 00 

7,652 61 

699 75 

2,910 18 



$ 1,508,533 52 



. $1,623,666 64 
600,000 00 



Surplus over capital, $ 1,023,666 64 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total 

Premiums now in course of collection, . 



Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest received on mortgages, 



$1,115,439 76 

45,986 77 
Interest and dividends received from all other sources, . . 70,927 44 



$203,539 87 
297 97 

$203,241 90 
1,450,761 73 

$1,654,003 63 
231,423 99 

$1,422,579 64 
307,139 88 



Gross cash income, $1,232,353 97 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for depreciation of assets, 

for incidentals, .... 



$603,212 62 
82,208 39 



$521,004 23 

3,174 10 

81,000 00 

267,578 38 

121,595 19 

40,379 38 

274 25 

69,601 86 



Gross cash expenditures, 



. $1,104,607 39 



332 



ORIENT INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1900, 
Deduct risks expired and terminated, 



$272,915,878 00 
145,090,837 00 

$418,006,715 00 
132,291,130 00 

1285,715,585 00 
26,348,570 00 



Premiums. 

$2,665,820 55 
1,450,761 73 

$4,116,582 28 
1,323,906 42 

$2,792,675 86 
269,283 12 



$259,367,015 00 $2,523,392 74 



$199,578 00 
199,578 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (13.5 per cent.), 
Company's stock owned by directors, .... 



$16,666 52 
16,666 52 



$18,117,035 00 

8,919,018 00 

054,026 00 

1,172 00 

1,650,000 00 

81,000 00 

277,000 00 



" ORIENT INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June 28, 1867. Commenced business January, 1872.] 

Paid-up Capital, $500,000. 

A. G. MCILWAINE, Jr., President. JAMES WYPER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $50,000 00 855,875 00 

Mass. Metropolitan water loan, . . . 200,000 00 221,000 00 

State of Connecticut bonds, . . . . 5,000 00 5,350 00 

State of Georgia bonds, 25,000 00 28,250 00 

Territory of Arizona funding bonds, . . 25,000 00 27,500 00 

Alexandria, Ind., Water Works bonds, . . 9,000 00 9,405 00 

City of Fayetteville, N. C , bonds, . . . 10,000 00 11,250 00 

City of New London, Conn., bonds,. . . 5,000 00 5,487 50 

City of Norfolk, Va., bonds 20,000 00 22,316 67 

City of Oak Cliff, Tex., bonds 5,000 00 5,000 00 

City of Richmond, Va., bonds, .... 24,000 00 28,329 00 

City of South Norwalk, Conn., bonds, . . 25,000 00 27,593 75 

City of Sioux Falls, Dak., bonds, . . . 13,000 00 14,081 89 

City of Wichita Falls, Tex., bonds, . . . 8,500 00 7,650 00 

City of Willimantic, Conn., bonds, . . . 20,000 00 22,075 00 

County of Finney, Kan., bonds, . . . 10,000 00 11,150 00 



ORIENT INSURANCE CO. 



333 



County of Glynn, Ga., bonds, . 

County of Pierce, Wash., bonds, 

County of Wichita, Kan., bonds, 

County of W^hite, Tenn., bonds, 

Bethany Twp., Osborne Co., Kan., bonds, 

Medicine Lodge Twp., Barber Co., Kan., bonds 

Oswego Twp., Labette Co., Kan., bonds, . 

Precinct of Beaver, Neb., bonds, 

Precinct of Stanton, Neb., bonds, 

Town of Thornaston, Conn., bonds, 

Colorado school bonds, 

Dakota school bonds, 

Nebraska school bonds, . 

Texas school bonds, . 

Washington school bonds, 

Wyoming school bonds, . 

Atchison, Topeka & Santa Fe R.R. Co. bonds 

Central Georgia bonds, 

Central R.R. of N. J. bonds, 

Chicago, Burl., & Quincy R.R. Co. bonds, 

Chic , Rock Island & Pacific R.R. Co. bonds, 

Chic, Mil. & St. Paul R.R. Co. bonds, . 

Cin., Jackson & Mackinaw R.R. Co. bonds, 

Cincin., Dayton & Ironton R.R. Co. bonds, 

C, C, Cin. & Indianap. R.R. Co. bonds, . 

Cleveland Term. & Valley R.R. Co. bonds, 

Columbus & Toledo R.R. Co. bonds, 

Dayton & Michigan R.R. Co. bonds, 

Detroit, Grand Rap. & West. R.R. Co. bonds, 

E. Tenn., Virginia & Ga. R.R. Co. bonds, 

Georgia R.R. & Banking Co. bonds, 

Illinois Central bonds, .... 

Kanawha & Michigan R.R. Co. bonds, 

Lehigh & New York bonds, 

Minneapolis & St. Louis R.R. Co. bonds,. 

Morris & Essex R.R. Co. bonds, 

N. Y, N. H. & Hartford R.R. Co. bonds, . 

Norfolk & Western R.R. Co. bonds, . 

Ohio & West Virginia R.R. Co. bonds, 

Phil. & Reading Terminal R.R. Co. bonds, 

Pitts., Cleve. & Toledo R.R. Co. bonds, . 

Sav., Florida & Western R.R. Co. bonds, 

Seaboard & Roanoke bonds, 

Southern R.R. Co. bonds, .... 

Terre Haute & Logansport R.R. Co. bonds, 

Vermont Valley R.R. Co. bonds, 

West Chicago St. R'y Tunnel Co. bonds, . 

West Shore R.R. Co. bonds, 



Par Value. 

$10,000 00 

10,000 00 

4,000 00 

2,000 00 

3,500 00 

5,000 00 

5,000 00 

5,000 00 

8,000 00 

15,000 00 

6,000 00 

2,200 00 

3,264 64 

10,000 00 

10,000 00 

3,000 00 

14,000 00 

20,000 00 

65,000 00 

10,100 00 

20,000 00 

20,000 00 

12,000 00 

10,000 00 

35,000 00 

10,000 00 

13,000 00 

25,000 00 

10,000 00 

15,000 00 

10,000 00 

20,000 00 

25,000 00 

10,000 00 

30,000 00 

10,000 00 

32,200 00 

10,000 00 

3,000 00 

10,000 00 

10,000 00 

10,000 00 

20,000 00 

10,000 00 

4,000 00 

25,000 00 

10,000 00 

80,000 00 



Market Value. 

§11,458 33 

10,751 67 

4,000 00 

2,000 00 

3,535 00 

5,150 00 

5,000 00 

5,400 00 

8,400 00 

15,100 00 

6,000 00 

2,200 00 

3,264 64 

10,000 CO 

10,000 00 

3,000 00 

13,723 33 

20,100 (JO 

85,637 50 

12,990 83 

20,600 00 

36,700 00 

5,000 00 

11,316 67 

45,654 17 

9,733 33 

13,920 83 

27,625 00 

9,950 00 

17,725 00 

10,450 00 

19,950 00 

24,000 00 

9,666 67 

32,250 00 

13,641 67 

65,688 00 

10,100 00 

3,565 00 

12,366 67 

11,450 00 

11,075 00 

22,100 00 

12,050 00 

4,200 00 

27,812 50 

9,991 67 

88,000 00 



334 



ORIENT INSURANCE CO. 



Willmar & Sioux Falls bonds, . 

Arizona Water Co. bonds, 

First Baptist Church, Nashville, Tenn., bonds 

Iowa Mortgage Co., trust debenture bonds, 

Rutland & Grafton District, 111., bonds, . 

60 shares iEtna National Bank, Hartford, 
333 " American National Bank, Hart., 
113 " City National Bank, Hartford, 

59 " Far. & Mech. Nat'l B'k, Hartford, 

60 " First National Bank, Norwich, 
520 " Hartford National Bank, Hartford 
100 " Holland Trust Co., New York, 
152 " Mercantile National Bank, Hart., 
200 " Thames National Bank, Norwich, 
804 " N. Y., N. H. & Hart. R.R. Co., 
255 " St. Jos., S. Bend & So'n R R. Co., 
100 " Arizona Water Co., . 



Par Value. 

-M 5,000 00 

5,333 33 

10,500 00 

1,600 00 

1,000 00 

6,000 00 

16,650 00 

11,300 00 

5,900 00 

6,000 00 

52,000 00 

10,000 00 

15,200 00 

20,000 00 

80,400 00 

25,500 00 

10,000 00 



Market Value. 
618,460 00 

2,833 33 

10,762 50 

800 00 

1,000 00 
11,700 00 
21,645 00 
11,300 00 

6,785 00 

3,900 00 
69,680 00 

5,000 00 

304 00 

30,800 00 

164,820 00 

15,500 00 

2,500 00 



11,457,147 97 $1,704,397 12 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 

Special cash deposit, 

Prems. more than three mos. due, §1,017 24 

Gross assets, 

Deduct special deposits in other States, . 



$78,925 21 

120.900 00 
3,744 16 

1,704,397 12 

2,938 98 

99,852 77 

22,627 97 

159.901 38 
656 82 

5,000 00 



12,198,944 41 
94,870 67 



Balance $2,104,073 74 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 



$31,160 15 

101,685 72 

27,490 50 

|160,336 37 
21,885 09 

f 138,451 28 



* Value of property mortgaged, . 
Amount of insurance held as collateral, 



$393,235 00 
34,950 00 



ORIENT INSURANCE CO. 



335 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, .... 



8817,136 29 

36,402 39 

5,144 95 

1,10-4 19 

$998,239 10 
34,418 21 



- $963,820 89 

. $1,140,252 85 
500,000 00 



Surjjlus over capital, 



$640,252 85 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, .... 
Premiums on risks written or renewed, 

Total 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, 

Gross cash income, 



$207,634 14 
821 97 

$206,812 17 
1,518,844 01 

$1,725,656 18 
160,918 62 

$1,564,737 56 
503,905 56 



sources, 



- $1,060,832 00 

9,753 38 

70,651 58 

3,216 76 

177 93 

. $1,144,631 65 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . - 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expense on real estate, 

for incidentals, 



$961,696 72 
153,192 51 

$10,651 14 
5,374 79 



$808,504 21 



5,276 35 

233,882 09 

79,644 00 

32,712 51 

3,681 63 
70,408 15 



Gross cash expenditures, 



$1,234,108 94 



336 



PAWTUCKET MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1900, 
Deduct risks expired and terminated, 



$207,441,540 00 
. 127,054,015 00 

$334,495,555 00 
. 164,043,732 00 

$170,451,823 00 
. 29,505,472 00 



. Premiums. 

$2,043,414 64 
1,518,844 01 

$3,562,258 65 
1,674,804 11 

$1,887,454 54 
,980 08 



$140,946,351 00 81,613,474 46 



$417,975 00 
417,975 00 



3 87 
6,733 87 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 



$23,124,323 00 

. 14,725,893 00 

735,229 00 

1,957 00 
. 1,240,000 00 

3,000 00 



"PAWTUCKET MUTUAL FIRE INSURANCE COMPANY," 
PAWTUCKET, R. I. 

[Incorporated May, 1848. Commenced business February, 1S49.] 
A. A. MANN, President. ISAAC SHOVE, Secretary. 

Permanent fund, Dec. 31, 1901, -5210,420 84 



Detailed Statement of Stocks and Bonds. 

Par Value. 

§ 137,000 00 



United States bonds, .... 

Rhode Island State bonds, 

Slater Trust Co., Pawtucket, R. L, stock, 

Pawtucket Gas Co. stock, . 

Providence & Worcester R.R. Co. stock, 

American Screw Co. stock, 



20,000 00 
5,000 00 
5,450 00 
4,900 00 
1,000 00 



Market Value. 

1172.970 00 
21,400 00 
10,400 00 
10,464 00 
14,528 00 
790 00 



$173,350 00 f230,552 00 



Summary of Assets Dec. 31, 1901. 
Loans on mortgage of real estate (first liens *), § 55,840 00 
Stocks and bonds, as per schedule, . . . 230,552 00 

Cash deposited in bank, 75,470 23 

Gross assets, f 36 1,862 23 



* Value of property mortgaged, $147,300 00 

Amount of insurance held as collateral, .... 81,40000 



PAWTUCKET MUTUAL FIRE INSURANCE CO. 



337 



Liabilities. 

Losses claimed and reported, .... $637 58 

Unearned premiums on outstanding risks, . 149,402 93 

State and local taxes, 1,400 88 

Gross liabilities, 



§151,441 39 



Net cash assets, $210,420 84 



Income. 

Premiums outstanding Dec. 31, 1900, . . $2,422 92 

Premiums on risks written or renewed, . . 76,817 47 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



$79,240 39 

292 39 

3,460 52 

9,449 75 



Gross cash income, $92,443 05 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, .... 

Gross cash expenditures, .... 



$32,700 92 
21,460 86 
9,484 67 
6,472 00 
1,762 53 
1,617 00 
2,738 08 

$76,236 06 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1900, $2 1,243,237 00 $275,236 50 $275,236 50 

Risks written during 1901, . 5,645,175 00 76,817 47 76,817 47 



Total, $26,888,412 00 $352,053 97 $352,053 97 

Risks terminated during 1901, . 5,089,443 00 65,787 20 65,787 20 



In force at end of year, . .$21,798,969 00 $286,266 77 $286,266 77 
Deduct amount reinsured, . 8,000 00 47 53 47 53 



Net amount in force, . .$21,790,969 00 $286,219 24 $286,219 24 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 20, 25, 30, 33|, 40 
and 50 per cent. 



$32,004 00 



338 



THE PELICAN ASSURANCE CO. 



"THE PELICAN ASSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated March 7, 1899. Commenced business M;ty 1, 1*99.] 
Paid-up Capital, $200,000. 
A. D. IRVING, President. L. P. BAYARD, Seer 



Detailed Statement of Bonds. 



United States bonds, 

Brooklyn city bonds, .... 
N. Y. Central & Hudson River R.R. bonds, 
Baltimore & Ohio R.R. bonds, . 
Gt. Northern-Northern Pacific R.R. bonds, 



Par Value. 

$200,000 00 
75,325 00 
35,000 00 
25,000 00 
10,000 00 



Market Value. 
1218,000 00 

80,644 27 

34,212 50 

24,031 25 

9,900 00 



$345,325 00 $366,788 02 



Summary of Assets Dec 

Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 
Prem's more than three mos. due, (§155 76 
Gross assets, 



31, 1901. 

$366,788 02 

1,611 83 

29,974 23 

33,149 67 

1,642 64 



$433,166 39 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



£233 00 

26,657 00 

494 00 

$27,384 00 
2,980 00 

$24,404 00 

109,288 47 

7,660 57 

8,486 79 



149,839 83 



. $283,326 56 
200,000 00 



Surplus over capital, 



fS3,326 56 



THE PELICAN ASSURANCE CO. 



339 



Income. 

Fire premiums outstanding Dec. 31, 1900, . $27,721 00 

Same not collected, 150 34 

Net collected $27,570 66 

Premiums on risks written or renewed, . . 273,763 71 

Total, . $301,334 37 

Premiums now in course of collection, . . 33,305 43 

Entire premiums collected, .... $268,028 94 

Less reinsurance and return premiums, . . 74,432 61 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



$193,596 33 
10,397 69 



Gross cash income, $203,994 02 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, .... 



$95,949 24 
9,512 45 



$86,436 79- 

50,228 56 

4,580 04 

5,011 33 

10,550 77 

$156,807 49 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . .$17,296,13100 $158,096 81 
Fire risks written during 1901, . . . 26,407,020 00 273,763 71 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, '. 

Net amount in force, . 



$43,703,151 00 $431,860 52 
18,519,449 00 188,859 26 



$25,183,702 00 $243,001 26 
4,542,954 00 37,161 18 



. $20,640,748 00 $205,840 08 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$376,070 00 

160,495 00 

46,276 00 

6,500 00 



340 



PENNSYLVANIA FIRE INSURANCE CO. 



"PENNSYLVANIA FIRE INSURANCE COMPANY," 
PHILADELPHIA, PA. 

[Incorporated March, 1825. Commenced business April, 1825.] 

Paid-up Capital, $400,000. 

R. DALE BENSON, President. W. GARDNER CROWELL, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

United States Joans, $80,000 00 f 87,600 00 

Philadelphia city loans, 3,000 00 3,090 00 

St. Louis city bonds, 25,000 00 28,500 00 

Cincinnati city bonds, 48,000 00 50,400 00 

City of Springfield, 111 , bonds, . . . 35,000 00 37,450 00 

City of Dayton, Ohio, bonds, .... 32,000 00 37,760 00 

City of Columbus, Ohio, bonds, . . . 36,000 00 37. 

City of Quincy, 111 , bonds, .... 25,000 00 27,250 00 

Newark, Ohio, bonds, 12,000 00 12,720 00 

City of Duluth, Minn., bonds, .... 47,000 00 50,760 00 

Borough of Sharpsburg, Pa., bonds, . . 40,000 00 40,800 00 

Sanitary District, Chicago, 111., bonds, . . 13,000 00 13,260 00 

Sch. Dist. of the Boro 1 of Sewickley, Pa., b'ds, 24,000 00 25,200 00 

City of Trenton, N. J., tax warrants, . . 32,256 00 32,256 00 

West Knoxville General Improv. Co. bonds, . 20,000 00 24,000 00 

Phila., Wilmington & Bait. R R. certificates, . 115,000 00 124,200 00 

Philadelphia & Erie R.R. Co. bonds, . . 75,000 00 90,750 00 

Pennsylvania R.R. Co. bonds, ... . . 28,000 00 30,240 00 

Philadelphia & Reading R.R. Co. bonds, . . 137,500 00 172,725 00 

Lehigh Valley R.R. Co. bonds, . . . 150,000 00 164,000 00 

Penn. & N. Y. Canal & R.R. Co. bonds, . . 122,000 00 123,170 00 

Chicago & Western Indiana R.R. Co. bonds, . 127,000 00 149,680 00 

Jacksonville Southeastern R'y Co. bonds, . 11,000 00 8,800 00 

Shamokin, Sunb'y & Lewisb'g R.R. Co. bonds, 20,000 00 21,000 00 

St. Paul & Northern Pacific R.R. Co. bonds, . 50,000 00 65,000 00 

Cleve., Col., Cin & Indianap. R'y Co. bonds, . 30,000 00 40,£ 

N. Y., Susquehanna & Western R.R. Co. b'ds, . 100,000 00 116,000 00 

Indianapolis & Vincennes R.R. Co. bonds, . 7.00 00 8,120 00 

Chicago & Erie R.R. Co. bonds, . . . 50,000 00 61,500 00 

Baltimore & Potomac R.R. Co. bonds, . . 15,000 00 17,700 00 

McKeesport & Belle Vernon R.R. Co. bonds, . 60,000 00 76,200 

Newburgh & N. Y. R.R. Co. bonds,. . . 15,000 00 16,500 00 

Northern Central RR. Co. bonds, . . . 8,000 00 8,72 

Atlantic City R.R. Co. bonds, . 30,000 00 33,900 00 

Camden Horse R R. Co. bonds, . . . 25,000 00 26. 

Bellefonte Central R.R. Co. bonds, . . . 2,500 00 2,500 0Q 



PENNSYLVANIA FIRE INSURANCE CO. 



341 



Evansville & Terre Haute R.R. Co. bonds, 

Terminal R.R. Association of St. Louis bonds, 

Lynn & Boston R.R. Co bonds, 

Pine Creek R'y Co. bonds, . 

Chicago & Northwestern R'y Co. bonds, . 

Jacksonville & St. Louis R'y Co. bonds, . 

Chicago, Rock Island & Pacific R.R. Co. bonds, 

Chicago, Milwaukee & St. Paul R'y Co. bonds, 

Chicago, Hammond & Western R.R. Co. bonds, 

Chesapeake & Ohio R.R. Co. bonds, 

Kansas City Southern R'y Co. bonds, 

Western Transit Co. bonds, 

Cleveland, Lorain & Wheeling R.R. Co. bonds 

Louisville & Nashville R.R. Co. bonds, 

Choctaw & Memphis R.R. Co. bonds, 

St. Louis, Iron Mt. & Southern R'y Co. bonds 

Baltimore & Ohio R.R. Co. bonds, . 

Wisconsin Central R'y Co. bonds, . 

Union Pacific R'y Co. bonds, . 

L. & N. R.R. Co., Mob. & Mont. R'y Co. bonds, 

N. Y., Philadelphia & Norfolk R.R. Co. bonds, 

Erie R.R. Co. bond, .... 

Southern Pacific R.R. Co., Cal., bonds, 

Greenbrier R'y Co. bonds, 

Central Pacific R'y Co. bonds, . 

Lehigh Valley R.R. Co. bonds, 

Erie R.R. Co. Equipment Trust bonds, 

Southern R'y Co. Car Trust bonds, . 

Lehigh Valley Coal Co. bonds, 

Lehigh Coal & Navigation Co. bonds, 

Chesapeake & Delaware Canal Co. bonds, 

Penna. Co. Trust gold certificate, . 

Heston., Mantua & Fairm't Pas. R.R. Co. b'ds 

400 shares Bellefonte Central R.R. Co., 

144 " Reading Co., . 

210 " Grand Rapids & Indiana R.R. Co., 

14 " Philadelphia Bourse, 
200 " Philadelphia National Bank, 



Par Value. 

$25,000 00 
50,000 00 
50,000 00 
50,000 00 
47,000 00 
44,500 00 
75,000 00 
50,000 00 

100,000 00 
42,000 00 
26,000 00 
50,000 00 
50,000 00 

100,000 00 
50,000 00 
50,000 00 

125,000 00 
50,000 00 
25,000 00 

5a,ooo oo 

25,000 00 

100,000 00 

100,000 00 

50,000 00 

100,000 00 

93,000 00 

50,000 00 

50,000 00 

50,000 00 

120,000 00 

10,000 00 

25,000 00 

17,000 00 

22,000 00 

7,200 00 

21,000 00 

700 00 

20,000 00 



Market Value. 

$27,000 00 
57,000 00 
57,000 00 
67,500 00 
50,760 00 
15,925 00 
80,250 00 
56,500 00 

128,000 00 
50,400 00 
18,720 00 
50,500 00 
58,000 00 

100,000 00 
58,000 00 
58,000 00 

117,500 00 
45,000 00 
26,750 00 
55,000 00 
26,000 00 
96,000 00 

110,000 00 
47,500 00 
89,000 00 
94,360 00 
52,000 00 
51,000 00 
54,500 00 

124,800 00 

5,000 00 

24,500 00 

20,060 00 

5,500 00 

4,200 00 

6,300 00 

70 00 

54,400 00 



Securities held as collateral for cash loans : 

16 shares First N'l Bank, Shippensb'g, Pa., 
105 " Lehigh Coal & Navigation Co., 
10 " Commonwealth Title & Trust Co., 
90 " West Chester Fire Ins. Co., . 
200 " Real Estate Trust Co., Phila , 



$3,620,656 00 $3,908,826 00 



Market Value. Loaned Thereon. 

$2,880 00 $2,300 00 

8,295 00 > 

640 00 ( 4 ' 000 00 

3,285 00 2,400 00 

30,000 00 18,000 00 



342 



PENNSYLVANIA FIRE INSURANCE CO. 



4 shares Bank of North America, 

7 " Moorestown National Bank, 

5 " Burl. County Safe Dep. & T. Co., 
5 " Fire Ins. Co., County of Phila., . 

100 " G. K., Hoi. & L. Mich. R. R'y Co., 
2,100 " Reading Co., 

100 " United Gas Improvement Co., 
1,000 " Western N. Y. & Penn. R'y Co., . 
Western N. Y. & Pennsylvania R'y Co. bonds, 
Bellefonte Central R.R. Co. bonds, . 



Market Valuo. Loaned Thereon. 



ftjOOO 


00 


1,675 00 n 




380 00 i 


00 


530 00 ) 




10,000 00 


9,500 00 


70,800 1 
11,500 00 \ 


55,000 00 


8,000 00 J 

7,000 00 \ 


12,000 00 


4,000 00 


2,000 00 



9,885 00 $107,700 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 

Balance, 



31, 1901. 

$209,500 00 

738,633 33 

6,918 01 

3,908,826 00 

107,700 00 

212 45 

129,926 60 

797 61 

362,149 54 



15,464,663 54 
87,600 00 

15,377,063 54 



Liabilities. 

Losses adjusted, unpaid, $18,100 69 

claimed and reported, .... 202,841 83 

disputed or resisted, .... 8,391 02 

Unearned premiums on outstanding risks, . 1,916,873 77 

Reclaimable on perpetual fire policies, . . 862,904 74 

Commissions and brokerage, .... 24,000 00 

Gross liabilities, except capital, . . $3,033,112 05 

Deduct liability on special deposits, . . 47,440 00 



2,985,672 05 



Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, . 



. $2,391,391 49 
,G00 00 

. $1,991,391 49 



* Value of property mortgaged, 
Amount of insurance beld as collateral, 



=1,6-21.360 00 
»X) 00 



PENNSYLVANIA FIRE INSURANCE CO. 



343 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Deposits received for perpetual fire risks, 



Gross cash income, 



$309,093 78 
3,010,797 41 

$3,319,891 19 
362,149 54 

$2,957,741 65 
800,828 23 



sources, . 

$35,918 45 



$2,156,913 42 

40,374 03 

177,389 03 

4,485 94 

$2,379,162 42 



Expenditures. 

Cash paid for fire losses, $1,620,823 01 

Deduct reinsurance, 171,799 20 

Net cash paid for fire losses, .... - — * — 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, . 

for State and local taxes, .... 

for incidentals, 

Deposits returned on perpetual fire risks, . f 20,506 86 



Gross cash expenditures, 



$1,449,023 81 

100,000 00 

503,016 93 

94,916 00 

71,693 24 

109,555 50 

$2,328,205 48 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$389,275,537 00 $3,668,003 23 
.269,343,016 00 3,010,797 41 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$658,618,553 00 $6,678,800 64 
.247,716,459 00 2,568,112 45 



$410,902,094 00 $4,110,688 19 
. 51,669,416 00 465,452 51 



$359,232,678 00 $3,645,235 68 



Perpetual risks in force (not incl'd above), . $37,869,826 00 $946,755 05 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (25 per cent.), 
Company's stock owned by directors, . . . . 



$41,917,150 00 

22,831,945 00 

1,477,438 00 

3,329,000 00 

100,000 00 

55,400 00 



344 



PHEXIX INSURANCE CO. 



"PHENIX INSURANCE COMPANY,'' BROOKLYN, X. Y. 
[Incorporated Sept. 10, 1S53. Commenced business Sept. 10, 1853.] 
Paid-up Capital, $1,000,000. 
GEORGE P. SHELDON, President. W'M. A. WRIGHT, Sean 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. 

United States government bonds, . . . £320,000 00 

State of Virginia " century " bonds, . . 100,000 00 

City of Richmond, Va., bonds, .... 21,000 00 

N. Y. City consol. stock " dock bonds," . . 400,000 00 

St. Paul, Minn & Manitoba R'y Co. bonds, . 50,000 00 

Council Bluffs City Water Works Co. bonds, . 100,000 00 

Denver Gas & Electric Co. bonds, . . . 150,000 00 

Lincoln Gas & Electric Co. bonds, . . . 100,000 00 

Grove Mills Paper Co. bonds 20,000 00 

Niagara Falls Power Co. "debentures", . . 12,500 00 

Chicago & North Western R.R. Co. stock, . 200,000 00 

Pennsylvania R.R. Co. stock, .... 100,000 00 

Union Pacific Railway Co. stock, . . . 200,000 00 

Delaware, Lack. & Western R.R. Co. stock, . 160,000 00 

Delaware & Hudson Canal Co. stock, . . 60,000 00 

Chicago, Milwaukee & St. Paul R'y Co. stock, 265,000 00 

Central R.R. Co. of New Jersey stock, . . 50,000 00 

Pitts , Bessemer & Lake Erie R.R. Co. stock, . 50,000 00 

Illinois Central R R. Co. stock, . . . 50,000 00 

Pitts., Cincin., Chic. & St. Louis R'y Co. stock, 50,000 00 

Erie R.R. Co. stock, 50,000 00 

First National Bank, N. Y., stock, . . . 30,000 00 

National Park Bank, N. Y., stock, . . . 30^000 00 

National City Bank, N. l r ., stock, . . . 40,000 00 

Western National Bank, N. Y., stock, . . 14,500 00 

Chatham National Bank, N. Y., stock, . . 35,000 00 

Nat'l Shoe & Leather B'k, N. Y"., stock, . . 20,000 00 

Phenix National Bank, N. Y., stock, . . 4,000 00 

National City Bank, Brooklyn, stock, . . 30,000 00 

Mechanics' Bank, Brooklyn, stock, . . . 2",400 00 

Brooklyn Bank, Brooklyn, stock, . . . 20,000 00 

Trust Company of America stock, . . . 20,000 00 

Bond & Mortgage Guarantee Co. stock, . . 10,000 00 

United States Steel Corporation stock, . . 70,000 00 

New York Mutual Gas Light Co. stock, . . 50,000 00 

Consolidated Gas Co., N Y\, stock, . . . 112,500 00 

Central & So. American Telegraph Co. stock, 100,000 00 

" Realty Asso." (25°/ of subscription paid), . 50,000 00 



Market Value. 
$35^ 

100,000 00 

22,050 00 

400,000 00 

57,500 00 

100,000 00 

112,500 00 

75,000 00 

21,000 00 

12,500 00 

410,000 00 

150,000 00 

204,000 00 

409,600 00 

106,800 00 

449,250 00 

97,000 00 

36,0<)O 00 

69,500 00 

40,000 00 

37,000 00 

231,000 00 

183,000 00 

240,000 00 

88,450 00 

115,500 00 

27,000 00 

4.720 00 

87,000 00 

44,064 00 

24,000 00 

54,000 00 

40,000 00 

65,100 00 

150,000 00 

246,375 00 

107. 

12,500 00 



f3,164,900 00 £4,987,809 00 



PHENIX INSURANCE CO. 



345 



Securities held as collateral for cash loans : — 

100 shares Consolidated Gas Co., 

100 " Amalgamated Copper Co., 

312 " Electric Storage Battery Co., . 

100 " Kings Co. Elec. L't & Power Co., . 

12 " Mimic. Gas Co., Albany, N. Y., 

5 " Central Trust Co., N. Y., 

45 " Consol. Gas Co., Bait., Md., . 



Loaned Thereon. 



$77,500 00 



Market Value 

$22,000 00 ^ 
7,000 00 
28,080 00 
18,500 00 
2,700 00 I 
10,000 00 i 
2,790 00 J 



1,070 00 |77,500 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . . . , . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 

Gross assets,f 

Deduct special deposits in other States, . 



Balance, $6,833,213 30 



31, 1901. 

$568,000 00 

70,600 00 

1,146 64 

4,987,809 00 

77,500 00 

2,558 70 

610,595 84 

5,266 66 

786,283 20 

2,653 26 



$7,112,413 30 
279,200 00 



Liabilities. 

Losses claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums and reinsurance, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, . 



$319,994 37 

26,190 00» 

3,877,500 33 

2,485 17 

129,116 84 

85,417 18 

$4,440,703 89 
158,341 56 



4,282,362 33 

. $2,550,850 97 
. 1,000,000 00 

. $1,550,850 97 



* Value of lands mortgaged $43,500 00 

Value of buildings thereon, 94.000 00 

Amount of insurance held as collateral, .... 84,000 00 
t The company holds also instalment premium notes to the amount of $120,812.78, which 
do not enter into or form any part of the assets of the company, as no portion of them is 
earned. Whatever value is attached to them would necessarily be counterbalanced by the 
addition of an amount exactly equal to the reinsurance liability, the entire sum consisting 
•of " unearned premiums." 



346 



lMIUNIX INSURANCE CO. 



Income. 
Fire premiums outstanding Dec. 31, 1900, . £729,733 56 
Premiums on risks written or renewed, . . 5,800,440 48 

Total, $6,530,174 04 

Premiums now in course of collection, . . 907,095 98 

Entire premiums collected, .... f5,623,078 06 
Less reinsurance and return premiums, . . 974,711 67 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 

Gross cash income, 



84,648,366 39 

3,664 59 

137,835 01 

17,434 63 

7,300 62 



Expenditures. 

Cash paid for tire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



$2,628,134 66 
241,085 87 



£2,387,048 79 

100,000 CO 

931,801 41 

347,106 79 

",637 41 

,471 08 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



Premiums. 

£581,303,365 00 £6,4'J5.440 47 
.518,023,927 00 5,800,440 48 



£1,099,327,2 
.388,385,320 00 4,424,47' 



?710,941,972 

. 39,521,614 00 414.76.:. 31 



£671,420,358 00 $7,456,63< 



Miscellaneous. 

Premiums received from organization of compan}', 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$129,538 

64,08:: 
2,494,618 00 
4,174,000 00' 

100.000 00 j 

157.65 



PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INS. CO. 347 



" PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY," PHILADELPHIA, PA. 

[Incorporated Aug. 23, 1880. Commenced business Nov. 1, 1880.] 
EDWIN I. ATLEE, President. RICHARD H. MORRIS, Secretary. 



Detailed Statement of Stocks 



Consolidated Traction Co. of N. J. bonds, 
Cambria & Clearfield bonds, . 

W. J. & S. S. R.R. bonds 

Sunb'y, Jrlazleton & Wilkes-Barre R.R. bonds 

Pennsylvania R.R. bonds, 

Millville Manufacturing Co. bonds, 

Lehigh Coal & Navigation Co. bonds, 

Allegheny Valley R.R. bonds, . 

Philadelphia & Baltimore Central R.R. bonds 

Northern Pacific R'y Co. bonds, 

Cleveland & Marietta R.R. bonds, . 

St. Louis Merchants' Bridge Co. bonds, . 

Lehigh Valley Coal Co. bonds, 

282 shares W. J. & Seashore R.R., . 

90 

25 

3 

100 

150 

40 



Philadelphia National Bank, 
Land Title & Trust Co., . 
Pennsylvania R.R., . 
The Chartiers R'y Co., . 
Erie & Pittsburg R.R., . 
Northern Pacific R'y, 



and Bonds. 

Par Value. 

$5,000 00 

10,000 00 

10,000 00 

5,000 00 

1,000 00 

5,000 00 

14,000 00 

15,000 00 

10,000 00 

4,000 00 

5,000 00 

10,000 00 

20,000 00 

14,100 00 

9,000 00 

2,500 00 

150 00 

5,000 00 

7,500 00 

4,000 00 



Market Value. 

$5,475 00 

10,600 00 

11,200 00 

5,300 00 

1,260 00 

5,100 00 

15,740 00 

18,750 00 

10,100 00 

2,940 00 

5,500 00 

11,500 00 

21,900 00 

18,894 00 

24,525 00 

6,925 00 

225 00 

9,500 00 

12,000 00 

4,000 00 



$156,250 00 $201,434 00 



Summary of Assets Dec. 31, 1901. 
Stocks and bonds, as per schedule, . . . $201,434 00 



Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Gross assets, 



31 02 

10,759 67 

9,251 11 



$221,475 80 



Liabilities. 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Gross liabilities, .... 



$20,000 00 
107,721 11 



127,721 11 



Net cash assets, 



$93,754 69 



348 



PHCENIX INSURANCE CO. 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Interest and dividends received from all 
Income from all other sources, 



Gross cash income, 



|7,756 50 
239,338 91 

?247,095 41 
9,251 11 

?237,844 30 
3,651 04 



sources, 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for return premiums, 

for salaries of officers and employees, 

for State and local taxes, 

for loss on sale of securities, . 

for incidentals, .... 



Gross cash expenditures, .... 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1900, $23,634,836 00 $205,845 23 
Risks written during 1901, . 27,404,818 00 239,338 91 



Total, $51,039,654 00 

Risks terminated during 1901, 26,503,134 00 



6445,184 14 
229,741 91 



$234,193 26 

8,920 71 

191 18 

$243,305 15 



$58,048 73 

149,651 90 

17,658 86 

12,557 28 

916 38 

64 92 

13,055 27 

$251,953 34 



Contlng't Prem's. 

$1,029,226 15 
1,196,694 55 

$2,225,920 70 
1,148,7"9 55 



In force at end of year, 



.$24,536,520 00 $215,442 23 $1,077,211 15 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1901, 64 per cent. 



$77,023 00 



"PHCENIX INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated May, ISM. Commenced business June, 1S54.] 

Paid-up Capital, $2,000,000. 

D. W. C. SKILTON, President. EDW. MILLIGAN, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par Valne. Market Value. 

Georgia State bonds $10,000 00 $11,650 00 

New York Dock Co. bonds 42,000 00 39,480 00 



PHOENIX INSURANCE CO. 



349 



Ashland, Ore., water bonds, 

Brantford, Can., bonds, 

Guelph, Can , bonds, 

Victoria, B. Col., bonds, . 

Town of St. Henry, P. Q , bonds, 

Province of New Brunswick bonds, 

Chicago & No. Shore St. R'y Co. bonds, 

Fostoria, O , water bonds, 

Leavenw'th City & Ft. Leavenw'th water b'ds 

Hannibal, Mo., school bonds, . 

Northwestern Telegraph Co. bonds, 

Naumkeag St. R'y Co. bonds, . 

Urban a, O., gas bonds, 

Atlantic & Danville R R. bonds, 

Canadian Pacific Land Grant R.R. bonds, 

Chicago & Northwestern Railway bonds, 

Chicago & Western Indiana R.R. bonds, . 

Chic , Burl. & Quincy No. Pac. & Gt. N. bonds 

Cincinnati, Dayton & Ironton bonds, 

Central R.R. of New Jersey bonds, . 

Erie Railway, Penn., bonds, 

Easton & Amboy bonds, . 

Lehigh Valley Terminal bonds, 

Minneapolis Union R'y Co. bonds, . 

N. Y., Lackawanna & Western R.R. bonds, 

N. Y., N. H. & Hartford R.R. debentures, 

St. Paul & Northern Pacific bonds, . 

Southern R'y Co. bonds, .... 

Terre Haute & Peoria bonds, . 

Texas & New Orleans bonds, . 
300 shares Mtwa National Bank, Hart., 

1,000 " American National Bank, Hart., 
100 " Atlantic Trust Co., N. Y., . 
75 " Central Trust Co., N. Y., . 
162 " Charter Oak Nat'l Bank, Hart., 
160 " City Bank, Hartford, . 
100 " Conn. River Bank, Hart., 
300 " Farm. & Mech. Nat'l Bank, Hart. 
400 " Franklin Trust Co., N. Y , . 

1,030 " Hartford National Bank, Hart., 
400 " Hartford Trust Co., Hart., . 
67 " Home National Bank, Meriden, 
170 " Imperial Bank, Toronto, Ont , 
108 " Merchants' Ex. Nat'l Bank, N. Y., 
800 " Mer. N'l B'k (in liquidat'n), Hart., 
200 " Nat'l Shoe & Leather B'k, N. Y., 
340 " National Exchange Bank, Hart., . 
125 " Nat'l German Am. Bank, St. Paul, 



Par Value. 

$50,000 00 
25,000 00 
24,000 00 
20,000 00 
75,000 00 

5,000 00 
25,000 00 
25,000 00 
25,000 00 

8,000 00 
25,000 00 
25,000 00 
25,000 00 
50,000 00 
36,000 00 
43,000 00 
133,000 00 
75,000 00 
25,000 00 
20,000 00 
,75,000 00 
30,000 00 
10,000 00 
71,000 00 
50,000 00 
75,000 00 
25,000 00 
25,000 00 
25,000 00 
54,000 00 
30,000 00 
50,000 00 
10,000 00 

7,500 00 
16,200 00 
16,000 00 

3,000 00 

30,000 00 

40,000 00 

103,000 00 

40,000 00 

6,700 00 
17,000 00 

5,400 00 

7,200 00 
20,000 00 
17,000 00 
12,500 00 



Market Value. 

§56,000 00 
26,750 00 
27,900 00 
23,750 00 
81,000 00 
5,400 00 
28,000 00 
25,000 00 
29,000 00 
8,560 00 
26,875 00 
26,500 00 
25,750 00 
48,000 00 
39,600 00 
50,740 00 

157,935 00 
73,875 00 
28,750 00 
26,800 00 
93,750 00 
34,500 00 
11,850 00 
91,590 00 
67,500 00 

153,750 00 
32,750 00 
24,875 00 
18,750 00 
60,480 00 
55,500 00 
71,000 00 
28,500 00 

142,500 00 

16,200 00 

16,000 00 

5,000 00 

36,000 00 

132,000 00 

139,050 00 
72,000 00 
8,241 00 
38,930 00 
.8,559 00 
1,600 00 
25,400 00 
21,080 00 
13,500 00 



350 



PIKEMX INSURANCE CO. 



200 shares New Britain NatU B'k, New Brit 

770 " Phoenix National Bank, Hart., 

200 " State Bank, Hartford, . 

50 " Security Co., Hartford, 

440 " Waterbury Nat'l B'k, Waterbury 

500 " Bald Eagle Valley R.R. Co., 

300 " Beech Creek R.R., 

300 " C, C, Chic. & St. Louis R.R. Co. 

330 " Chic, Mil. & St. Paul R.R., 

500 " Cleveland & Pittsburgh R.R. Co. 

500 " Ft. Wayne & Jackson R.R. Co., 

200 " Georgia R.R. & Banking Co., 

120 " Hartford & Conn. West. R.R. Co 

1,320 u Illinois Central R.R. Co , . 

1,000 " Morris & Essex R.R. Co., . 

1,500 " N. Y., N. H. & Hartford R.R. Co. 

250 " N. Y. & Harlem R.R. Co., . 

600 " N. Y. Cent. & Hud. River R.R. Co 

500 " Peoria & Bureau Valley R.R. Co. 

500 " Pitts , McKeesport & Y. R.R. Co. 

250 " Rensselaer & Saratoga R.R. Co. 

500 " Sharon R.R. of Pennsylvania, 

150 " Empire & Bay State Tel. Co., 

1,300 " Holyoke Water Power Co., . 

1,500 " North Western Telegraph Co., 

100 " West End Street R'y Co., Boston 

150 " Boston Elevated R'y Co., . 

50 " Hartford Street R'y Co., 

420 " New York Dock Co., . 



Securities held as collateral for cash loans : - 

240 shares Landers, Frary & Clark, 
70 " Southern New England Tel. Co., . 
31 " -32tna Life Insurance Co., 

120 " Hart. S. Boiler Inspec. & Insur. Co., 



Par Value. 

,000 00 
77,000 00 
20,000 00 
5,000 00 
22,000 00 
25,000 00 
15,000 00 
30,000 00 
33,000 00 
25,000 00 
50,000 00 
20,000 00 
12,000 00 

132,000 00 
50,000 00 

150,000 00 
12,500 00 
60,000 00 
50,000 00 
25,000 00 
25,000 00 
25,000 00 
15,000 00 

130,000 00 

75,000 00 

5,000 00 

15,000 00 

5,000 00 

42,000 00 



Market Valne. 

2,000 00 

94,710 00 
25,000 00 
6,750 00 
36,300 00 
51,250 00 
15,9<X) 00 
36,300 00 
61,920 00 
48,750 00 
76,000 00 
47,200 00 
4,800 00 

184,140 00 
98,000 00 

318,000 00 
51,500 00 

100,050 00 

107,500 00 
35,750 00 
53,750 00 
35,000 00 
12,750 00 

490,100 00 

93,750 00 

9,400 00 

25,050 00 

9,500 00 

18,900 00 



£2,833,000 00 £4,468,190 00 



Market Value. Loaned Thereon. 



510,080 00 

9,800 00 

10,385 00 

18,000 00 



$ 9,000 00 
20,000 00 



$48,265 00 f29,000 00 



Summary of Assets Dec. 31, 1901. 

Cash value of unencumbered real estate, . $460,195 82 

Loans on mortgage of real estate (first liens *), 89,074 93 

Interest due or accrued thereon, . . . 2,424 10 

Stocks, bonds, etc., as per schedule, . . 4,468,190 00 

* Value of lands mortgaged, $141,240 0*) 

Value of buildings thereon, 50 00 

Amount of insurance held as collateral, .... 51,40000 



PHOENIX INSURANCE CO. 



351 



Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 

Gross assets, 

Deduct special deposits in other States, . 



$29,000 00 

5,023 98 

326,887 51 

37,316 00 

592,947 74 

4,499 96 

301 16 



1,015,861 20 
272,050 00 



Balance, $5,743,811 20 



Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, 



$75,283 60 

369,765 05 

29,231 00 

$474,279 65 
19,491 08 

$454,788 57 

2,382,405 32 

62,416 75 

6,600 14 

$2,906,210 78 
126,267 37 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



2,779,943 41 

$2,963,867 79 
2,000,000 00 

$963,867 79 



Gross cash income, 



$592,947 74 
3,792,012 31 

$4,384,960 05 
592,947 74 

$3,792,012 31 
554,026 68 



sources, 



$3,237,985 63 

4,848 71 

250,068 83 

10,175 99 

$3,503,079 16 



352 



POTOMAC INSURANCE CO. OF GEORGETOWN. 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . — 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



$1,824,572 99 
117,828 30 



$1,706,744 69 

I 00 

637,337 49 

186,339 47 

82,266 09 

296,269 93 

$3,188,957 67 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total 

Deduct risks expired and terminate 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



I, 



Premium*. 

$411,549,798 00 $4,270 
388,090,888 00 3,792,012 31 



$799,640,686 00 $8,062,241 15 
328,294,803 00 3,229,101 83 



$471,345,883 00 $4,833,139 32 
. 20,321,340 00 230,382 55 



1451,024,543 0U $4,602,756 77 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (14 per cent.), 
Company's stock owned by directors, .... 



§79,427,399 00 

48,343,034 00 

1,921,766 00 

8,365,0' 

280,000 00 

65,100 00 



"POTOMAC INSURANCE COMPANY OF GEORGETOWN. 

WASHINGTON, D. C. 

[Incorporated March 2, 1831. Commenced business March 2, 1S3L] 

Paid-up Capital, $200,000. 

JOHN TAYLOR ARMS, President. JEFFERSON PEARCE, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Valne. Market V 

110 shares Farm. & Mech. Xat'l Bank, . . $11,000 00 

53 " Georgetown Gas Light Co., . . 1,325 00 3,97 

140 " Capital Traction R'y Co., . . 14,000 00 14,857 5U 

50 " Union Trust & Storage Co., . . 5,000 00 5,300 00 

Washington Gas Light Co. bonds, . . . 1,500 00 1,650 00 

Metropolitan R'y Co., D. C, bonds, . . . 13,040 41 13,092 43 

Chesapeake & Potomac Telephone Co. bonds, 30,000 00 31,950 00 

Washington Market Co. bonds, . . . 3,000 00 3,300 00 



POTOMAC INSURANCE CO. OF GEORGETOWN. 



353 



Southern R'y Co. bonds, . 
U. S. Electric Lighting Co. bonds, 
Seaboard Air Line R'y bonds, . 
Columbia Railway bonds, 



Par Value. 

$5,000 00 
9,500 00 

10,000 00 
1,500 00 



Market Value. 

$6,225 00 

9,880 00 

8,512 50 

1,586 25 



$104,865 41 $131,728 68 



Summary of Assets Dec. 81, 1901. 



Cash value of .unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 

Gross assets, 



$20,842 34 

319,961 52 

4,002 46 

131,728 68 

3,475 78 

31,321 18 

38,770 26 

23 30 



$550,125 52 



Liabilities. 

Losses adjusted, unpaid, .... 
Losses claimed and reported, . 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



85,498 75 
24,338 30 

$29,837 05 
2,122 86 

$27,714 19 

143,002 37 

9,471 92 

7,730 89 

1,011 36 



188,930 73 

$361,194 79 
200,000 00 

$161,194 79 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, . . . . 
Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



$31,559 40 
266,560 25 

$298,119 65 
38,770 26 

$259,349 39 
63,315 11 



$196,034 28 



* Value of property mortgaged, 
Amount of insurance held as collateral, 



$521,100 00 
261,450 00 



354 



PROVIDENCE MUTUAL FIKE INSURANCE CO. 



Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 



|19,186 58 
5,103 71 
1,339 50 



Gross cash income, $221,664 07 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



?97,565 37 
12,038 31 



Gross cash expenditures, $202,759 98 



$85,527 06 
24,000 00 
59,837 85 
10,194 50 
7,899 86 
16,800 71 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



. $24,286,407 00 
. 29,338,045 00 



.£53,624,452 00 

. 22,135,672 00 

. $31,488,780 00 

. 2,422,564 00 



Premiums. 

$198,324 93 
266,560 25 

$464,885 18 
183,743 11 

$281,142 07 
22,574 79 



£29,066,216 00 $258,567 28 



Miscellaneous. 

Fire losses incurred during the year, 

Dividends declared during the year (12 per cent.), 

Company's stock owned by directors, 



£100,282 00 
24,000 00 
45,850 00 



"PROVIDENCE MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated 1800. Commenced business 1S00.] 
HARDIN C. WATERS, President. BENJAMIN M. MacDOUGALL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Valne. Market Value. 

City of Providence bonds, .... |35j000 00 *25,000 00 

N. Y., New Haven & Hartford R.R. Co. bonds, 6,200 00 11,780 00 

The Metropolitan Water Co. bonds, . . 7,000 00 4,900 00 

100 shares N. Y. Cent. & Hudson R. R.R. Co., 10,000 00 16,500 00 

156 " N. Y., N. H. & Hartford R.R. Co., . 15,600 00 32,760 00 

132 " Illinois Central R.R. Co., . . 13,200 00 17,820 00 



PROVIDENCE MUTUAL FIRE INSURANCE CO. 



355 



100 shares 


100 


ic 


200 


it 


100 


ii 


100 


ii 


100 


it 


100 


ii 


200 


u 


200 g 


11 


200 


it 


100 


It 


40 


II 


200 


II 


300 


(1 


100 


(t 


51 


II 


50 


II 


100 


(1 


150 


II 


20 


(1 


50 


II 



Chic, Mil. & St. Paul R.R. Co., 
Fitchburg R.R. Co., 
Southern]R.R. Co., . 
Fort Wayne & Jackson R.R., . 
Det., Hillsdale & So. Western R.R, 
Chicago Great Western R.R., . 
Rome, Watert'n & Ogdens. R.R., 
Pitts , Bessemer & Lake Erie R.R 
Morris & Essex R.R., 
Cleveland & Pittsburg R.R., . 
Mahoning Coal R.R., 
Boston & Providence R.R., 
Delaware, Lack. & West. R.R. Co 
Pennsylvania R.R. Co., . 
Oswego & Syracuse R.R. Co., . 
Providence & Worcester R.R. Co., 
Connecticut River R.R. Co., . 
Old Colony R.R. Co., . 
Blackstone Canal National Bank, 
National Bank of Commerce, . 
Rhode Island Investment Co., 



Par Value. 

$10,000 00 

10,000 00 

20,000 00 

10,000 .00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

4,000 00 

10,000 00 

15,000 00 

5,000 00 

5,100 00 

5,000 00 

10,000 00 

3,750 00 

1,000 00 

5,000 00 



Market Value. 

$18,500 00 

14,300 00 

18,000 00 

15,000 00 

10,900 00 

9,200 00 

14,000 00 

7,000 00 

19,500 00 

19,500 00 

12,100 00 

12,000 00 

24,500 00 

22,200 00 

11,250 00 

14,700 00 

14,000 00 

20,500 00 

3,750 00 

1,000 00 

5,500 00 



$260,850 00 $396,160 00 



Summary of Assets Dec. 31, 1901. 

Loans on mortgage of real estate (first liens *), $66,650 00 

Interest due or accrued thereon, . . , 128 00 

Stocks and bonds, as per schedule, . . . 396,160 00 

Cash in the office of the company, . . . 208 35 

Cash deposited in bank, 40,243 36 

Interest due and accrued, 2,670 28 

Premiums in course of collection (gross), . 6,036 33 
Prem's more than three mos. due, $41 00 

Gross assets, 

Liabilities. 

Losses claimed and reported, .... $190 25 

Unearned premiums on outstanding risks, . 147,652 43 

Profits or surplus on terminated policies, unpaid, 2,473 74 

State and local taxes, 1,354 63 

Commissions and brokerage, .... 772 73 

Reinsurance disallowed, 156 75 

Gross liabilities, 



$512,096 32 



152,600 53 



Net cash assets, $359,495 

* Value of lands mortgaged $46,450 00 

Value of buildings thereon 86,000 00 

Amount of insurance held as collateral, . . . 69,400 00 



79 



356 



PROVIDENCE MUTUAL FIRE INSURANCE CO. 



Income. 
Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



$ 3,460 47 
78,729 75 

$82,190 22 
6,077 33 

$76,112 89 

4,083 73 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 

Net cash premiums received, .... 

Received for extra premiums, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 



Expenditures. 

Cash paid for losses, .... 

Deduct salvage, 

Net cash paid for losses, .... 

Cash paid as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employe 
for State and local taxes, 

for rents, 

for incidentals, .... 



$23,299 98 
12 57 



es, 



Gross cash expenditures, . 



172,029 16 

325 02 

3,924 50 

13,981 27 

$90,259 95 



$23,287 41 
21,309 91 
7,539 56 
10,605 00 
2,149 71 
1,436 00 
2,273 54 

$68,601 13 



Risks and Premiums. 

Amount. Cash Prem's. Contlng"t Prem's. 

Risks outstanding Dec. 31, 1900, $25,824,089 00 f 276,107 80 $276,107 80 

Risks written during 1901, . 7,525,141 00 78,729 75 78,729 75 



Total, $33,349,230 00 $354,837 55 $354,837 55 

Risks terminated during 1901, . 6,679,116 00 70,716 01 70,716 01 



In force at end of year, . . $26,670,114 00 $284,121 54 $284,121 54 
Deduct amount reinsured, . 71,400 00 1,030 10 1,030 10 



Net amount in force, . .$26,598,714 00 $283,09144 6283,09144 

Miscellaneous. 

Losses incurred during the year, $23,478 00 

Profits or surplus returned during 1901, 20, 30, 40, 50 and 65 
per cent. 



PROVIDENCE WASHINGTON INSURANCE CO. 



357 



" PROVIDENCE WASHINGTON INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated 1799. Commenced business 1799.] 

Paid-up Capital, $500,000. 

J. H. DeWOLF, President. E. L. WATSON, Secretary. 



Detailed Statement of Stocks 



United States government bonds, . 

Commonwealth of Massachusetts bonds, 

City of Pawtucket bonds, .... 

City of Ft. Wayne refunding bonds, 

City of Indianapolis bonds, 

Boston & Providence R.R. Co. bonds, 

Boston & Maine Railroad Co. bonds, 

Boston & Lowell Railroad Co. bonds, 

Lehigh Valley R.R. Co. bonds, 

N. Y., New Haven & Hart. R.R. Co. bonds, 

Old Colony R.R. Co. bonds, . 

Buffalo Traction Co. bonds, 

Cleveland Electric R'y Co. bonds, . 

Columbus & 9th Ave. R.R. Co. bonds, 

Columbus St. R'y Co. bonds, . 

Lynn & Boston R.R. Co. bonds, 

United Traction & Electric Co. bonds, 

West End St. R'y Co. bonds, . 

225 shares Fourth National Bank, N. Y., 

300 

200 
1,100 

500 

400 

585 

230 

200 
1,100 

300 

200 

150 

550 

267 
1,500 



Nat'l Bank of Commerce, N. Y., 
National Park Bank, N. Y., . 
Black. Canal Nat'l Bank, Prov., 
Merchants' Nat'l Bank, Prov., 
Chic. & Northwestern R'y Co., 
Northern Securities Co., 
N. Y. Central & Hud. R. R.R. Co. 
Old Colony R.R. Co., . 
Pennsylvania R.R. Co., 
Pitts., Ft. Wayne & Chic. R.R. Co. 
C, C, C. & St. Louis R.R. Co., 
Rome, Watert'n & Og. R.R. Co., 
Providence Gas Co., 
Providence Telephone Co., . 
What Cheer Corporation, 



and Bonds. 

Par Value. 

$40,000 00 
88,000 00 
25,000 00 
25,000 00 
45,000 00 

100,000 00 
25,000 00 
10,000 00 
25,000 00 
60,000 00 
25,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
50,000 00 
30,000 00 
22,500 00 
30,000 00 
20,000 00 
27,500 00 
25,000 00 
40,000 00 
58,500 00 
23,000 00 
20,000 00 
55,000 00 
30,000 00 
20,000 00 
15,000 00 
27,500 00 
13,350 00 

200,000 00 



Market Value. 

$43,550 00 
97,530 00 
28,000 00 
25,810 00 
48,580 00 

111,000 00 
31,625 00 
10,800 00 
27,625 00 

123,000 00 
28,300 00 
21,800 00 
10,550 00 
12,250 00 
11,250 00 
11,400 00 
57,250 00 
31,425 00 
54,450 00 

109,500 00 

126,000 00 
30,800 00 
35,000 00 
94,000 00 
59,670 00 
38,410 00 
42,000 00 
81,950 00 
57,600 00 
24,000 00 
20,850 00 
52,800 00 
26,160 00 

200,000 00 



$1,235,350 00 $1,784,935 00 



358 



PROVIDENCE WASHINGTON INSURANCE CO. 



Summary of Assets Dec. 31, 1901. 



Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross), 

Notes taken for fire, marine and inland risks, 



£1,784,935 00 

1,748 02 

118,477 42 

8,353 62 

284,910 14 

33,838 61 



Prems. more than three mos. due, 
Gross assets,* 



11,810 56 



12,232,262 81 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



$25,631 25 

329,766 46 

18,490 08 

£373,887 79 
81,394 06 

£292,493 73 

1,031,724 11 

4,541 49 

39,409 82 

20,412 15 



1,388,581 30 

1843,681 51 
500.000 00 



Surplus over capital, 1343,681 51 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 



Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



$179,950 99 
767 00 

£179,183 99 
1,798,394 61 

$1,977,578 60 
205,404 07 

f 1,772,174 53 

526,434 94 



£1,245,739 59 



* Including S100.000 special reserve held under Rhode Island laws. 



PROVIDENCE WASHINGTON INSURANCE CO. 



359 



Marine premiums outstanding Dec. 31, 1900, . $103,951 82 

Premiums on risks written or renewed, . . 692,046 73 

Total, $795,998 55 

Premiums now in course of collection, . . 114,388 24 

Entire premiums collected, .... $681,610 31 

Less reinsurance and return premiums, . . 249,821 71 

Net cash marine premiums received, . . 

Interest and dividends received from all sources, . 



$431,788 60 
90,037 19 



Gross cash income, $1,767,565 38 



Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$1,178,238 48 
205,540 51 

$417,913 88 
179,943 03 






Gross cash expenditures, . 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 

Total 

>educt risks expired and terminated, 

In force at end of year, 
>educt amount reinsured, 

Net amount in force, . 



$188,375,062 00 
. 186,435,408 00 

$374,810,470 00 
. 173,789,330 00 

$201,021,140 00 
. 41,631,002 00 



$972,697 97 



237,970 85 

50,000 00 

332,920 53 

105,926 03 

47,701 28 

70,386 53 

$1,817,603 19 



Premiums. 

$1,920,708 02 
1,798,394 61 

$3,719,102 63 
1,575,905 81 

$2,143,196 82 
406,887 26 



$159,390,138 00 $1,736,309 56 



. $7,994,835 00 
. 159,900,862 00 

$167,895,697 00 
. 159,023,874 00 

. $8,871,823 00 
. 1,289,378 00 



$262,689 49 
692,046 73 

$954,736 22 
640,451 40 

$314,284 82 
46,444 79 



. $7,582,445 00 $267,840 03 



360 



QUEEN INSURANCE CO. OF AMERICA. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



$37,714,066 00 

22,505,326 00 

1,043,619 00 

267,120 00 

2,355,563 00 

50,000 00 

30.000 00 



"QUEEN INSURANCE COMPANY OF AMERICA," 
NEW YORK, N. Y. 

[Incorporated Sept. 11, 1891. Commenced business Sept. 11, 1891.] 

Paid-up Capital, $500,000. 

EDWARD F. BEDDALL, President. NEVETT S. BARTOW, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States government bonds, . 

New York State canal improvement bonds. 

New York city bonds, .... 

City of Brooklyn bonds, .... 
500 shares New York & Harlem R.R. Co., 
443 " United N. J. R.R. & Canal Co., 
517 " N. Y., Lack. & Western R.R. Co 
950 " Rome, Wat'n & Ogden. R.R. Co 
500 " Pitts., Ft. Wayne & Chic. R.R. Co 

1,400 " Morris & Essex R.R. Co., . 
550 " Rensselaer & Saratoga R.R. Co., 

1,000 " Illinois Central R.R. Co., . 
300 " Ft. Wayne & Jack. R.R. Co., 
400 " Farmers' Loan & Trust Co., 
500 " Cleveland & Pitts. R.R. Co., 

New Zealand stock, . 

Quebec stock, .... 

Manitoba debentures, 

Halifax, N. S., stock, 

New York, Lack. & Western R.R. bonds, 

Chic, Rock Island & Pacific R.R. bonds, 

Fremont, Elkhorn & Mo. R.R. bonds, 

Chic, Milwaukee & St. Paul R.R. bonds, 

Chicago & Northwestern R.R. bonds, 

Pennsylvania R.R. Co. bonds, . 

Morris & Essex R R. bonds, 

Lake Shore & Mich. Southern R.R. bonds, 



Par Value. 

£ 185,000 00 

50,000 00 

1,012,000 00 

525,000 00 
25,000 00 
44,300 00 
51,700 00 
95,000 00 
50,000 00 
70,000 00 
55,000 00 

100,000 00 
30,000 00 
10,000 00 
25,000 00 
49,000 00 
30,625 00 
29,400 00 
60,000 00 

200,000 00 
5,000 00 
10,000 00 
91,000 00 
45,000 00 
50,000 00 

110,000 00 
47,000 00 



Market Value. 

$214,803 76 

50,000 00 

1,012,000 00 

551,180 23 
83,978 98 
99,744 18 
56,983 33 

106,135 00 
82,213 30 

100,150 10 
99,887 50 

104,750 00 
44,100 00 
71,600 00 
48,250 00 
49,000 00 
24,500 00 
29,400 00 
66,000 00 

323,350 22 
5,676 04 
11,755 95 
91,426 16 
46,748 72 
50,790 58 

132,635 68 
47,000 00 



QUEEN INSURANCE CO. OF AMERICA. 



361 



Chic, St. Paul, Minn. & Omaha R.R. bonds, 
Northern Pacific R.R. bonds, . 
Union Pacific R.R. bonds, 



Par Value. 

$ 25,000 00 

100,000 00 

50,000 00 



Market Value. 

|28,555 99 
92,197 18 
52,193 63 



13,230,025 00 83,677,506 53 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 

Miscellaneous, 

Prems. more than three mos. due, $4,125 62 

Gross assets, 

Deduct special deposits in other States, . 



|710,164 73 

3,677,506 53 

2,616 28 

193,298 77 

44,129 07 

425,118 10 

3,843 77 

3,586 50 

2,582 44 



$5,062,846 19 
408,703 50 



Balance, $4,654,142 69 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, 
Reinsurance disallowed, . 
Premiums paid in advance, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, 



,103 18 
100,441 82 
54,629 00 

$246,174 00 
17,454 57 

$228,719 43 

1,855,738 73 

9,341 13 

25,403 93 

108,091 19 

25,963 21 

716 28 

1,806 31 

$2,255,780 21 
354,891 38 



- 1,900,888 83 

. $2,753,253 86 
. 500,000 00 



Surplus over capital, $2,253,253 86 



362 



QUEEN INSURANCE CO. OF AMERICA. 



Income. 

Fire premiums outstanding Dec. 31, 1900, . $356,505 09 

Same not collected, 14 45 

Net collected, $356,490 64 

Premiums on risks written or renewed, . . 3,198,658 49 



Total, $3,555,149 13 

Premiums now in course of collection, . . 429,243 72 



Entire premiums collected, .... $3,125,905 41 
Less reinsurance and return premiums, . . 728,532 24 

Net cash tire premiums received, . . . $2,397,373 17 

Interest and dividends received from all sources, . . . 134,184 51 

Income from rents, 28,637 29 

Income from all other sources, 1.186 78 



Gross cash income, $2,561,381 75 



Expenditures. 

Cash paid for fire losses, $1,634,966 65 

Deduct salvage and reinsurance, . . . 212,638 41 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$1,422,328 24 
100,000 00 
418,404 46 
189,207 03 
59,802 71 
137,749 19 

$2,327,491 63 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$339,792,330 00 $3,511,577 14 
.277,953,937 00 3,198.658 49 



Total, 

Deduct risks expired and terminated, 

In force at end of year, ... 
Deduct amount reinsured, 

Net amount in force, . 



$617,746,267 00 $6,710,235 63 
. 262,892,067 00 2,820,808 46 



$354,854,200 00 $3,889,427 17 
. 29,466,038 00 319,903 18 



$325,388,162 00 $3,569,523 99 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, .... 



$22,004,7^" 
10,622,433 00 
1,467,457 00 
600,000 00 
100,000 00 
7,500 00 



THE READING FIRE INSURANCE CO. 



363 



THE READING FIRE INSURANCE COMPANY," READING, PA. 

[Incorporated July 8, 1867. Commenced business July 8, 1867.] 

Paid-up Capital, $250,000. 

W. A. TIPPING, President. THOS. H. SCOTLAND, Secretary. 



Detailed Statement of Stocks, 



United States bonds, 

Atch., Topeka & Santa Fe R.R. Co. bonds, 

Baltimore & Ohio R.R. bonds, . 

Central Pacific R'y Co. bonds, . 

Central R.R. Co. of N. J. bonds, 

Chicago & Alton R'y Co. bonds, 

Elgin, Joliet & Eastern R'y Co. bonds, 

Elmira, Cortland & Northern R.R. Co. bonds, 

Grand Rapids & Indiana R.R. Co. bonds, 

Indiana, Illinois & Iowa R.R. Co. bonds, ' 

Lehigh Valley R.R. Co. bonds, 

Long Island R.R. bonds, .... 

Minneapolis & St. Louis R.R. Co. bonds, 

N. Y. Central & Hudson River R.R. Co. b'ds, 

Perkiomen R.R. bonds, 

Philadelphia & Reading R.R. bonds, 

Reading & Columbia R.R. bonds, . 

St. Louis & San Francisco R.R. bonds, 

Union Pacific R.R. Co. bonds, . 

Western N. Y. & Penn. R'y Co. bonds, 

Beaver Valley Traction Co. bonds, . 

City of Portland, Ore., water loan, . 

Philadelphia Elec. gold trust cert., . 

Reading City Passenger R'y Co. bonds, 

Second Ave. R.R. Co. of N. Y. bonds, 

200 shares East Pennsylvania R.R. Co., 

70 ■ 
200 ' 

50 ■ 
150 ' 
100 ' 
250 ' 
124 ' 



Reading City Passenger R'y Co., 
Philadelphia Traction Co., 
Farmers' National Bank, 
National Union Bank, 
Second National Bank, . 
Reading Gas Co., . 
So. Reading Market House Co., 



Bonds, etc. 

Par Value. 

$40,000 00 
25,000 00 
25,000 00 
25,000 00 
10,000 00 
20,000 00 
10,000 00 
10,000 00 
20,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
25,000 00 

2,000 00 
40,000 00 
10,000 00 
10,000 00 
25,000 00 
10,000 00 

4,000 00 
10,000 00 
10,000 00 

5,500 00 
20,000 00 
10,000 00 

3,500 00 
10,000 00 

1,500 00 

3,750 00 
10,000 00 

6,250 00 

3,100 00 



Market Value. 

$55,600 00 
25,750 00 
25,750 00 
25,750 00 
13,200 00 
17,200 00 
11,500 00 
10,200 00 
22,900 00 
20,000 00 
10,800 00 

9,900 00 
10,300 00 
24,500 00 

2,040 00 
42,900 00 
10,200 00 

9,800 00 
26,750 00 
10,000 00 

4,200 00 
12,400 00 
10,000 00 

5,912 50 
24,000 00 
14,000 00 
10,500 00 
19,500 00 

4,300 00 
15,000 00 
22,500 00 
17,500 00 

4,836 00 



Securities held as collateral for cash loans : — 

Reading Foundry Co. bonds, .... 
Mortgage on real estate, 



$454,600 00 1549,688 50 

Market Value. Loaned Thereon. 
825,000 00 ) A nnn M 

10,000 00 ( ^5,000 00 



$35,000 00 $25,000 00 



364 



THE READING FIRE INSURANCE CO. 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc , as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 
Prem's more than three mos. due, f 400 30 

Gross assets, 

Deduct special deposits in other States, . 



31, 1901. 

$18,750 00 

298,515 00 

3,281 60 

549,688 50 

25,000 00 

100 00 

48,558 49 

472 25 

92,065 30 

191 02 

2,621 16 



$1,039,243 32 
68,000 00 



Balance, $971,243 32 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$4,618 15 

43,999 19 

12,950 00 

$61,567 34 

6,987 70 

$54,579 64 

447,302 44 

4,609 70 

13 88 

22,869 54 

990 95 

126 67 

$530,492 82 

1,612 94 



$528,879 88 



Surplus as regards policy holders, $442,363 44 

Paid-up capital, 250,000 00 

Surplus over capital, $192,363 44 

* Value of lands mortgaged, $250,550 00 

Value of buildings thereon 453,150 00 

Amount of insurance held as collateral, .... 333,815 00 



THE READING FIRE INSURANCE CO. 



365 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 
Income from all other sources, 



other 



$46,055 00 
833,862 42 

$879,917 42 
92,465 60 

$787,451 82 
200,344 11 



sources, . 



$587,107 71 

16,100 15 

20,199 84 

1,332 75 

19 32 



Gross cash income, $624,759 77 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for loss on sale of real estate, . 

for incidentals, 
Deposits returned on perpetual fire risks, 



$340,579 99 
32,949 08 



$307,630 91 

30,000 00 

164,504 55 

17,148 17 

9,776 08 

534 91 

22,470 77 



$28 50 



Gross cash expenditures, . 



. $552,065 39 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

,365,635 00 $677,546 43 
. 77,593,025 00 833,862 42 



Total,. ..... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



$145,958,660 00 $1,511,408 85 
. 61,220,969 00 621,033 17 



. $84,737,691 00 $890,375 68 
. 5,433,557 00 61,363 15 



Net amount in force, $79,304,134 00 $829,012 53 

Perpetual risks in force (not incl'd above), $164,550 00 $4,907 05 



366 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, 



?6,307,682 00 

3,400,227 00 

328,145 00 

545,069 00 

30,000 00 

248,410 00 



"THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA/' 

PHILADELPHIA, PA. 

[Incorporated April 21, 1841. Commenced business Aug. 9, 1844.] 

Paid-up Capital, $300,000. 

WILLIAM CHUBB, President. CHAS. J. WISTER, Jr., Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

City of Pittsburgh, Pa., bonds $18,000 00 $19,800 00 

City of Quincy, 111., bonds, .... 15,000 00 15,900 00 

City of Wilmington, Del., bonds, . . . 20,000 00 22,300 00 

City of Chester, Pa., bonds, .... 5,000 00 5,600 00 

South Bethlehem, Pa., bonds, .... 4,000 00 4,440 00 

Atlantic City, N. J., bonds 5,000 00 5,250 00 

New Castle Co., Del., bonds, .... 5,000 00 5,350 00 

United Company of New Jersey bonds, . . 5,000 00 5,500 00 

Lehigh Valley R.R. Co. bonds, . . . 25,000 00 26,500 00 

Easton & Amboy R.R. Co., bonds, . . . 20,000 00 23,000 00 

North Pennsylvania R.R. Co. bonds, . . 5,000 00 5,850 00 

Louisville & Nashville R.R. Co. bonds, . . 7,000 00 7,910 00 

Northern Central R.R. % Co. bonds, . . . 5,000 00 5,400 00 

Philadelphia & Erie R.R. Co. bonds, . . 25,000 00 30,250 00 

Philadelphia & Baltimore Cent. R.R. Co. b'ds, 10,000 00 10,600 00 

Pennsylvania R.R. Co. bonds, .... 4,000 00 4,920 00 

Steubenville & Indiana R.R. Co. bonds, . . 10,000 00 11,400 00 

Camden & Atlantic R.R. Co. bonds, . . 30,000 00 31,500 00 

Pennsylvania & N. Y. Canal Co. bonds, . . 40,000 00 44,000 00 

Allentown Terminal R.R. Co. bonds, . . 15,000 00 15,450 00 

Philadelphia & Reading R.R. Co. bonds, . . 20,000 00 23,400 00 

Delaware River Ferry Co. bonds, . . . 8,000 00 8,400 00 

Philadelphia Traction Co. bonds, . . . 5,000 00 5,250 00 

People's Passenger R'y Co. bonds, . . . 10,000 00 10,700 00 

Pennsylvania & N. Y. Canal Co. bonds, . . 20,000 00 19,200 00 

Second Ave. Traction Co., Pitts., Pa., bonds, . 15,000 00 17,850 00 

Hunt. & Broad Top Mt. R.R. & C'l Co. bonds, 10,000 00 11,000 00 

Omaha Water Co., Omaha, Neb , bonds, . . 10,000 00 9,500 00 

Pitts., Chartiers & Yough. R.R. Co. bonds, . 7,000 00 7,140 00 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



367 



United Traction Co. of Pittsburg bonds, . 
Philadelphia & Erie R.R. Co. bonds, 
West Jersey & Seashore R.R. Co. bonds, 
Susquehanna Coal Co. bonds, . 
100 shares Commercial Nat'l Bank, Phila., 
Western Pennsylvania R.R. Co. bonds, . 
Allegheny Valley R'y Co. bonds, 
Erie & Pittsburg R.R. Co. bonds, . 
Lehigh Valley R.R. Co. bonds, 
Pitts., Cin., Chic. & St. Louis R'y Co. bonds, 
34 shares Omaha Water Co., . 
Louisville & Nashville R.R. Co. bonds, . 
Pennsylvania R.R. Co. Equip. Trust loan, 
Electric & Peo. Trac. St'k Trust certificates, 
Western N. Y. & Pennsylvania R.R. Co. b'ds, 
West Chester (N. Y.) Lighting Co. bonds, 
N. Y., Philadelphia & Norfolk R.R. Co. bonds 
Reading Co. Jersey Central bonds, . 
Erie R.R. Co. bonds, .... 

Read. Co. & Phil. & Read. C'l & Pn Co. bonds, 
32 shares company's own stock, . $1,920 00 



Par Value. 

$10,000 00 

5,000 00 

5,000 00 

5,000 00 

1,200 00 

20,000 00 

10,000 00 

10,000 00 

5,000 00 

36,000 00 

1,700 00 

8,000 00 

10,000 00 

10,000 00 

5,000 00 

10,000 00 

5,000 00 

10,000 00 

5,000 00 

15,000 00 



Market Value. 

$11,600 00 

5,400 00 

5,700 00 

5,900 00 

300 00 

23,500 00 

10,900 00 

10,200 00 
5,900 00 

36,000 00 

850 00 

8,000 00 

10,500 00 
9,800 00 
6,100 00 

10,300 00 
5,200 00 
9,500 00 
5,050 00 

15,000 00 



$564,900 00 $609,060 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Perpetual insurance policies, . 

Gross assets, 



81, 1901. 

$100,000 CO 

206,660 00 

2,605 22 

609,060 00 

653 77 

35,442 63 

69,870 52 

191 79 

747 00 



$1,025,230 93 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Reclaimable on perpetual fire policies, . 



$12,069 83 
39,156 45 

$51,226 28 
1,852 62 

$49,373 66 
333,037 06 
136,027 98 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$184,800 00 
254,200 00 
159,316 00 



368 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



88,131 37 
3,249 67 



$529,819 74 

$495,411 19 
300.000 00 

$195,411 19 



$67,791 22 
509,201 73 



Total, $576,992 95 

Premiums now in course of collection, . . 69,870 52 



Entire premiums collected, .... 6507,122 43 
Less reinsurance and return premiums, . . 119,999 98 

Net cash fire premiums received, . . . $387,122 45 

Interest received on mortgages 9,643 67 

Interest and dividends received from all other sources, . . 25,841 63 

Income from rents, 2,201 27 

Income from all other sources, 374 05 

Deposits received for perpetual fire risks, . $5,819 50 

Gross cash income, $425,183 07 

Expenditures. 

Cash paid for fire losses, $265,075 67 

Deduct salvage and reinsurance, . . . 32,506 32 

Net cash paid for fire losses, . $232,569 35 

Cash dividends paid, 18,000 00 

Cash paid for commissions and brokerage, .... 95,346 82 
for salaries of officers and employees, . . . 25,882 71 

for State and local taxes, 14,962 49 

for incidentals, 32,843 68 

Deposits returned on perpetual fire risks, . $4,899 50 

Gross cash expenditures, $419,605 05 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Perpetual risks in force (not incPd above), 



Premiums. 

. $59,250,428 00 $633,743 39 
. 46,177,818 00 509,201 73 



$105,428,246 00 $1,142,945 12 
. 41,269,598 00 433,528 71 



. $64,158,648- 00 $709,416 40 
. 6,334,689 00 69,359 00 



. $57,823,959 00 $640,057 40 
. $5,371,394 00 $149,213 05 



RHODE ISLAND MUTUAL FIRE INSURANCE CO. 



369 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, 



$5,722,787 00 

3,622,742 00 

237,673 00 

950,597 00 

18,000 00 

45,900 00 



"RHODE ISLAND MUTUAL FIRE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated 1848. Commenced business 1848.] 
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary. 



Detailed Statement of Stocks 



United States bonds, .... 

N. Y., New Haven & Hartford R.R. bonds, 

250 shares Providence & Worcester R.R., 

175£ 

200 
1,200 

250 ' 

220 

150 

100 

138 

100 

200 

100 ' 

100 ' 

125 ' 

100 ' 

200 ' 

140 ' 

200 

100 



Illinois Central R.R., . 
Rome, Watertown & Og. R.R., 
Pennsylvania R.R., 
N. Y., New Haven & Hart. R.R., 
Chic, Burlington & Quincy R.R. 
Chic, Rock Island & Pacific R.R. 
N. Y., Lack. & Western R.R., 
Pitts., Ft. W. & Chic. R.R., . 
Chicago, Mil. & St. Paul R.R., 
Chicago & Northwestern R.R., 
CI., Cin., Chic. & St. Louis R.R., 
N. Y. Cent. & Hudson River R R. 
Great Northern Railway, 
National Bank of Com., Prov., 
N'l B'k of North America, Prov., 
American National Bank, Prov., 
Merchants' National Bank, Prov., 
Union Pacific R.R., 



Summary of Assets Dec 
Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



and Bonds. 

Par Value. 

|25,000 00 
10,000 00 
25,000 00 
17,520 00 
20,000 00 
60,000 00 
25,000 00 
22,000 00 
15,000 00 
10,000 00 
13,800 00 
10,000 00 
20,000 00 
10,000 00 
10,000 00 
12,500 00 

5,000 00 
10,000 00 

7,000 00 
10,000 00 
10,000 00 



Market Value. 

$34,875 00 
20,200 00 
74,500 00 
24,352 80 
27,850 00 
90,000 00 
53,000 00 
43,120 00 
23,100 00 
13,800 00 
26,634 00 
18,850 00 
41,200 00 
11,900 00 
16,725 00 
23,031 25 

5,100 00 
10,000 00 

6,720 00 
14,200 00 

9,000 00 



8347,820 00 $588,158 05 

31, 1901. 

$588,158 05 
58,263 34 

4,756 27 

6,506 98 
$657,684 64 



370 



RHODE ISLAND MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, 

Net cash assets, 



$1,748 11 

204,046 37 

5,824 95 



$211,619 43 
$446,065 21 



Income. 
Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Interest and dividends received from all sources, . 



$3,840 04 
423,984 71 

§427,824 75 
6,506 98 

$421,317 ;: 
13,730 48 



$407,587 29 
21,221 51 



Gross cash income, $428,808 80 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for inspections, .... 
for incidentals, .... 

Gross cash expenditures, .... 



•514,447 35 

330,969 62 

9,783 72 

9,07 

805 00 

6,168 48 

1,6 v 

$372,936 60 



Risks and Premiums. 

Amount. Cash PrenVs. Contlng't Prem's. 

Risks outstanding Dec. 31, 1900, $47,449,515 00 $365,617 31 $1,828,086 55 
Risks written during 1901, . 54,982,949 00 423,984 71 2,119,923 55 



Total,. . . . $102,432,464 00 $789,602 02 $3,948,010 10 
Risks terminated during 1901, . 49,980,607 00 381,509 28 1,907,546 40 



In force at end of year, . .$52,451,857 00 $408,092 7 i ,463 70 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1901, 90 per cent. 



$15,931 00 



ROCHESTER GERMAN INSURANCE CO. 



371 



"ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER, 
NEW YORK," ROCHESTER, N. Y. 

[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.] 

Paid-up Capital, $200,000. 

FREDERICK COOK, President. H. F. ATWOOD, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Rochester Gas & Electric Co. bonds, . . $30,000 00 $32,325 00 

Rochester Railway bonds, .... 200,000 00 214,000 00 

Georgia State bonds, 10,000 00 11,700 00 

Erie R.R. bonds, 10,000 00 8,800 00 

Santa Fe, Prescott & Phoenix R.R. bonds, . 25,000 00 25,000 00 

Union Pacific R.R. bonds, 20,000 00 20,400 00 

Southern Railway bonds, 20,000 00 21,300 00 

Northern Pacific R.R. bonds, .... 10,000 00 10,300 00 

Nash., Chattanooga & St. Louis R.R. bonds, . 10,000 00 10,450 00 

Atch., Topeka & Santa Fe R.R. bonds, . . 10,000 00 9,900 00 

Minneapolis & St. Louis R.R. bonds, . . 10,000 00 11,200 00 

German-American Bank of Rochester stock, . 10,000 00 26,000 00 

Title & Guarantee Co. of Rochester stock, . 10,000 00 10,000 00 

Rochester Gas & Electric Co. stock, . . 25,000 00 30,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, 

Cash in the office of the company, 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross) 

Gross assets, .... 
Deduct special deposits in other States, 



Balance, $1,278,283 35 



ft 400,000 00 $441,375 00 

31, 1901. 

$212,638 19 

386,479 77 

6,566 30 

441,375 00 

1,357 73 

118,509 63 

5,575 64 

117,481 09 

$1,289,983 35 

11,700 00 



Liabilities. 

Losses adjusted, unpaid, $4,368 94 

claimed and reported, .... 35,232 47 

disputed or resisted, .... 9,961 26 

Unearned premiums on outstanding risks, . 482,463 75 



* Value of lands mortgaged, 
Value of buildings tbereou, 
Amount of insurance held as collateral, 



8424,640 00 
527,550 00 
383,750 00 



372 



ROCHESTER GERMAN INSURANCE CO. 



Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, . 



Surplus as regards policy holders, 
Paid-up capital, .... 



$36,361 83 
1,381 79 

$569,770 04 
6,941 18 



1562,828 86 

$715,454 49 
200,000 00 



Surplus over capital, $515,454 49 



Income. 
Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



$87,403 80 
885,794 39 



Total $973,198 19 

Premiums now in course of collection, . . 117,48109 



Entire premiums collected, .... $855,717 10 
Less reinsurance and return premiums, . . 256,169 28 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Income from rents, 

Income from all other sources, 



Gross cash income, 



$599,547 82 

19,324 91 

.018 32 

9,404 33 

1,010 22 

$649,305 60 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for profit and loss account, 

for incidentals, .... 



$396,607 20 
73,070 23 



Gross cash expenditures, $595,552 96 




$323,536 97 
20,000 00 
159,241 37 
27,175 65 
19,916 68 
148 35 
45,533 94 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

.$80,122,171 00 $814,704 40 
. 77,486,139 00 885,794 39 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$157,608,310 00 f 1,700,498 79 

. 61,583,114 00 655,503 39 



. $96,025,196 00 $1,044,995 40 
. 9,939,797 00 127,662 93 



. $86,085,399 00 $917,332 47 



SECURITY INSURANCE CO. OF NEW HAVEN. 



373 



Miscellaneous. 

Premiums received from organization of company, . . $9,950,058 00 

Losses paid from organization of company 5,528,908 00 

Fire losses incurred during the year, 346,722 00 

Cash dividends declared from organization of company, . 519,000 00 

Dividends declared during the year (10 per cent.), . . 20,000 00 

Company's stock owned by directors, 34,288 00 



"SECURITY INSURANCE COMPANY OF NEW HAVEN," 
NEW HAVEN, CONN. 

[Incorporated April, 1841. Commenced business April, 1841.] 

Paid-up Capital, $300,000. 

CHAS. S. LEETE, President. H. MASON, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Tradesmen's Nat'l Bank (New Haven) stock, $16,000 00 $24,800 00 

Second Nat'l Bank (New Haven) stock, . . 11,700 00 23,166 00 

Merchants' Nat'l Bank (New Haven) stock, . 20,000 00 24,000 00 

Yale National Bank (New Haven) stock, . 20,000 00 26,400 00 

New Haven Nat'l Bank (New Haven) stock, . 21,000 00 40,320 00 

New Haven Co. Nat'l Bank (N. Haven) stock, 18,830 00 30,692 90 

First National Bank (New Haven) stock, . 13,300 00 19,950 00 

American Ex. National Bank (N. Y.) stock, . 10,000 00 29,000 00 

Southern New England Telephone Co. stock, . 31,250 00 46,875 00 

New York Steam Power Co. stock, . . . 2,500 00 1,543 33 

Northern Railroad of New Jersey stock, . . 20,000 00 20,200 00 

Consolidated Gas Co. stock (N. Y.), . . 10,000 00 21,950 00 

Twin City Rapid Transit Co. stock, . . . 10,000 00 15,875 00 

Norfolk & Western R.R. stock, . . . 10,000 00 9,100 00 

Cleve., Cin., Chic. & St. Louis R'y Co. stock, . 10,000 00 12,000 00 

Illinois Central R.R. stock, .... 13,200 00 18,348 00 

Delaware & Hudson Canal Co. stock, . . 10,000 00 17,800 00 

Fair Haven & Westville R.R. stock, . . 7,500 00 14,850 00 

Newark (N. J.) Consolidated Gas Co. bonds, . 10,000 00 10,600 00 

Macon (Ga.) Gas Light & Water Co. bonds, . 20,000 00 17,800 00 

Minneapolis & St. Louis R.R. bonds, . . 22,000 00 23,260 00 

Columbus & Hocking Coal & Iron Co. bonds, . 10,000 00 9,000 00 

Southern R'y bonds, 10,000 00 12,200 00 

Central R.R. of Georgia bonds, . . . 5,000 00 3,000 00 

Southern New England Telephone Co. bonds, 6,000 00 7,320 00 

Cleve., Cin., Chic. & St. Louis R.R. bonds, . 10,000 00 10,400 00 

Louisville & Nashville R.R. bonds, . . . 10,000 00 10,050 00 

N. Y. Gas, Elec. Light, H't & Power Co. bonds, 10,000 00 9,700 00 

Cleve. Electric Illuminating Co. bonds, . . 10,000 00 10,700 00 

N. Y. & Queens Elec. L't & Power Co. bonds, 10,000 00 10,400 00 



374 



SECURITY INSURANCE CO. OF NEW HAVEN. 



Milford, Holliston & Fram. St. R.R. bonds, 
Meriden (Conn.) Horse R.R. Co. bonds, . 
Lynn (Mass.) Belt Line St. R'y Co. bonds, 
Danb'y & Bethel (Conn.) Horse R'y Co. bonds 
Bridgeport (Conn.) Traction Co. bonds, . 
New Haven St. R'y Co. bonds, 
Binghanipton & Union (N. Y.) St. R.R. bonds 
United R R. of St. Louis bonds, 
City of Indianapolis bonds, 
City of Omaha bonds, .... 
International Silver Co. bonds, 



Securities held as collateral for cash loans : — 



International Silver Co. bonds, 
City Bank stock, New Haven, . 
Mechanics 1 Bank stock, New Haven, 
New Haven Water Co. stock, New Haven, 
Chester, Conn., Water Co. bonds, . 



Par Value. 

$5,000 00 

12,000 00 

3,500 00 

7,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

950 00 

10,000 00 

10,000 00 



Market Value. 

$5,562 50 
13,680 00 

3,675 00 

7,420 00 
11,500 00 

5,600 00 
10,500 00 

9,000 00 

969 00 

10,900 00 

9,800 00 



$471,730 00 $619,906 73 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the oflice of the company, . 
Cash deposited in bank, .... 

Interest due and accrued 

Premiums in course of collection (gross), 
Notes taken for fire, marine and inland risks, 
Rents due and accrued, .... 
Gross assets, 



Market Value. 

$4,900 00 

1,450 00 

424 80 

1,150 00 

5,000 00 



} 



Loaned Thereon. 

$4,000 00 
2,500 00 

4,000 00 



$12,924 80 $10,500 00 



31, 1901. 

$79,600 00 

199,488 78 

1,869 72 

619,906 73 

10,500 00 

133 87 

77,124 16 

2,239 54 

137,750 44 

7,129 29 

139 17 



$1,135,881 70 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



830,285 52 

58,702 61 

2,195 00 

691,183 13 
9,247 69 

$81,935 44 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



£-234,S05 00 
218,800 00 

15S.050 00 



SECURITY INSURANCE CO. OF NEW HAVEN. 



375 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$539,521 78 
27,028 87 
21,554 14 



$670,040 23 



. $465,841 47 
300,000 00 



Surplus over capital, $165,841 47 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1900, 

Same not collected, , 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



'1,780 53 
96 98 



$91,683 55 
867,088 26 


$958,771 81 
132,585 04 


$826,186 77 
243,502 05 


$9,167 61 
158 73 


$9,008 88 
73,186 30 


$82,195 18 
5,165 40 


$77,029 78 
12,621 14 



sources, 



Expenditures 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 



$357,132 61 

48,629 44 

$48,893 81 

6,914 01 



$582,684 72 



64,408 64 
9,544 30 

26,829 37 
2,919 65 

$686,386 68 



$308,503 17 



41,979 80 
24,000 00 



376 



SPRING GARDEN INSURANCE CO. 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for profit and loss account, 

Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$91,173,100 00 

. 82,146,486 00 

$173,319,586 00 

. 63,584,031 00 

1109,735,555 00 

. 11,995,656 00 



$153,756 82 

106,159 09 

12,015 71 

696 62 

$647,111 21 



Premiums. 

$946,337 69 
867,088 26 

$1,813,425 95 
694,774 20 

$1,118,651 75 
134,443 12 



. $97,739,899 00 $984,208 63 



$576,293 00 
9,238,058 00 

$9,814,351 00 
9,235,404 00 

$578,947 00 
94,945 00 



$27,853 48 
73,186 30 

$101,039 78 
73,980 87 

$27,058 91 
3,382 73 



$484,002 00 $23,676 18 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$12,202,417 00 
8,078,240 00 
336,147 00 
47,450 00 
532,281 .00 
24,000 00 
69,000 00 



"SPRING GARDEN INSURANCE COMPANY,*' 
PHILADELPHIA, PA. 

[Incorporated April 15, 1835. Commenced business Aug. 29, 1S35.] 

Paid-up Capital, $400,000. 

CHAS. ROBERTS, President. CLARENCE E. PORTER, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market V 

Allegheny Valley R.R. bonds, . . . . 610,000 00 f 12,300 00 

Asphalt Co. of America, Col., gold certificates, 20,000 00 6,400 00 



SPRING GARDEN INSURANCE CO. 



377 



Bells Gap R.R. bonds, .... 
Bethlehem Steel Co. bonds, 
Chicago & Western Ind. R.R. bonds, 
Choctaw, Oklahoma & Gulf R.R. Co. bonds, 
Citizens St. R'y Co. of Indianap., Ind., bonds, 
Clearfield & Jefferson R'y bonds, 
Cleve., Colum., Cincin. & Ind. R.R. bonds, 
Consolidated Traction Co. of N. J. bonds, 
Edison Electric gold trust certificates, 
Electric & Peoples Traction gold stock certs. 
International Navigation Co. of N. J. bonds, 
Jacksonville & St. Louis R'y bonds, 
Jacksonville Southeastern R'y bonds, 
Lehigh & New England R.R. bonds, 
Lehigh Valley Coal Co. bonds, 
Lehigh Valley R.R. " annuity " bonds, 
Maryland Steel Co. bonds, 
Mortgage Trust Co. of Penn. bonds, 
N. Y., Phila. & Norfolk R.R. bonds, 
Ohio & Little Kanawha R.R. bonds, 
Penn. & Maryl'd Steel Cos. Cons, joint bonds 
Pennsylvania & N. Y. Canal & R.R. bonds, 
Pennsylvania Steel Co. bonds, . 
Philadelphia Electric gold trust certificates, 
Phila. & Reading R.R. bonds, . 
Philadelphia Co., Pa., bonds, . 
Reading Co. P. & R. Coal & Iron Co. bonds, 
Rochester R'y Co., N. Y., bonds, 
Schuylkill River East Side R.R. bonds, . 
St. Louis Merchants Bridge Term. R'y bonds, 
Sunbury, Hazleton & Wilkes-Barre R'y bonds, 
Texas & Pacific R'y Co. bonds, 
Wilmington & Northern R.R. bonds, 
150 shares Central R.R. New Jersey, 
500 " Consol. Traction Co. of Pittsburg, 
100 " Fourth St Nat'l Bank of Phila., 
200 " Penn. National Bank of Phila., 
500 " Philadelphia Company, . 



Par Value. 

$15,000 00 

30,000 00 

15,000 00 

20,000 00 

25,000 00 

10,000 00 

10,000 00 

20,000 00 

25,000 00 

30,000 00 

51,000 00 

5,000 00 

7,000 00 

25,000 00 

25,000 00 

20,000 00 

10,000 00 

25,000 00 

45,000 00 

1,000 00 

50,000 00 

25,000 00 

20,000 00 

35,000 00 

15,000 00 

25,000 00 

10,000 00 

60,000 00 

10,000 00 

10,000 00 

10,000 00 

17,000 00 

25,000 00 

15,000 00 

25,000 00 

10,000 00 

10,000 00 

25,000 00 



Market Value. 

$16,950 00 

37,350 00 

17,850 00 

22,600 00 

27,500 00 

12,000 00 

13,600 00 

21,900 00 

28,250 00 

29,550 00 

52,020 00 

4,250 00 

7,000 00 

20,625 00 

27,625 00 

26,200 00 

10,550 00 

21,250 00 

41,550 00 

1,000 00 

57,750 00 

24,000 00 

22,000 00 

35,000 00 

15,000 00 

28,125 00 

10,000 00 

64,700 00 

11,000 00 

11,200 00 

11,600 00 

17,850 00 

26,750 00 

29,250 00 

32,000 00 

22,500 00 

20,200 00 

23,000 00 



$841,000 00 $920,245 00 



Summary of Assets Dec. 31, 1901. 

Cash value of unencumbered real estate, . $296,600 00 

Loans on mortgage of real estate (first liens *), 42,700 00 

Interest due or accrued thereon, . . . 741 65 

Stocks, bonds, etc., as per schedule, . . 920,245 00 



* Value of property mortgaged, . 
Amount of insurance held as collateral, 



$71,700 00 
4 1 .' ,£00 00 



378 



SPRING GARDEN INSURANCE CO. 



Cash in the office of the company, . . . 62,716 77 

Cash deposited in bank, 39,527 18 

Premiums in course of collection (gross), . 116,050 70 

Reinsurance due on losses paid, . . 132 48 
Prem's more than three mos. due, $551 84 

Gross assets, 



$ 1,418,713 78 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Due and accrued for rent, salaries, etc , 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 



$21,724 82 
43,441 97 
11,104 24 

$76,271 03 
23,558 21 

$52,712 82 

433,857 53 

371,191 11 

3,254 94 

767 32 

21,327 39 

29,813 35 

2,781 92 



915,706 38 

$503,007 40 
400,000 00 



Surplus over capital, $103,007 40 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, . . . . . . 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

from profit on sale of assets; 

from all other sources, 
Deposits received for perpetual fire risks, 



6108,142 19 
800,045 50 

$908,187 69 
116,602 54 

6791,585 15 
272,515 20 



sources, 



$5,850 28 



$519,069 95 

2,551 69 

41,217 00 

16,473 77 

17,005 37 

952 33 



Gross cash income, £597, 270 11 



STATE MUTUAL FIRE INSURANCE CO. 



379 



Expenditures. 

Cash paid for fire losses, $379,706 88 

Deduct salvage and reinsurance, . . . 108,578 03 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expense on real estate, 

for loss on sale of assets, 

for incidentals, .... 

Deposits returned on perpetual fire risks, . $10,016 20 

Gross cash expenditures, 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$136,406,319 00 

. 73,287,075 00 

$209,693,424 00 

. 86,961,381 00 

$122,732,043 00 

. 42,801,499 00 



$271,128 85 
28,000 00 
110,819 17 
33,808 92 
20,084 64 
16,525 80 
8,016 87 
62,466 46 

$550,850 71 

Premiums. 

$1,222,834 27 
800,045 50 

$2,022,879 77 
856,051 45 

$1,166,828 32 
370,607 40 



. $79,930,544 00 $796,220 92 



Perpetual risks in force (not incPd above), . $17,525,716 00 $406,879 01 

Miscellaneous. 
Losses paid from organization of company, . 



Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (7 per cent.), . 
Company's stock owned b} r directors, 



$5,453,758 00 

291,407 00 

1,989,215 00 

28,000 00 

90,450 00 



"STATE MUTUAL FIRE INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated Feb. 26, 1855. Commenced business Feb. 26, 1855.] 
THOMAS J. BORDEN, President. THEODORE P. BOGERT, Secretary. 



Detailed Statement of Stocks and Bonds. 



State of Rhode Island bonds, . 

City of Providence bonds, 

City of Boston bonds, .... 

448 shares Providence & Worcester R.R., 

500 " Old Colony Railroad, . 

200 " Boston & Providence R.R., . 



Par Value. 

$60,000 00 
50,000 00 
44,000 00 
44,800 00 
50,000 00 
20,000 00 



Market Value. 

$60,600 00 

57,250 00 

47,000 00 

134,400 00 

104,500 00 

60,000 00 



380 



STATE MUTUAL FIRE INSURANCE CO. 



400 shares Pitts., Ft. Wayne & C. R.R., . 

400 " Rome, Watertown & Ogdens. R.R. 

300 " N. Y., Lackawanna & Western R.R. 

700 " Cleveland & Pittsburg Railroad, 

500 " Morris & Essex Railroad, 

125 " N. Y., New Haven & Hart. R.R., 

110 " Merchants 1 National Bank, . 

800 " Illinois Central R.R., 

300 " Chicago Great Western R.R., . 



Par Value. 
|40,000 00 

40,000 00 
35,000 00 
35,000 00 
25,000 00 
12,500 00 
5,500 00 
30,000 00 
30,000 00 



Market Value. 
|77,600 00 

55,400 00 
48,300 00 
67,900 00 
48,750 00 
26,375 00 
7,700 00 
31,650 00 
27,300 00 



f521,800 00 $854,725 00 



Summary of Assets Dec. 31, 1901. 

Stocks and bonds, as per schedule, . . . $854,725 00 

Cash in the office of the company, . . . 372 42 

Cash deposited in bank, 57,949 62 

Interest due and accrued, 7,610 83 

Premiums in course of collection (gross), . 9,890 34 

Gross assets, $930,548 21 

Liabilities. 

Losses claimed and reported, .... $1,649 75 

Unearned premiums on outstanding risks, . 349,042 41 

State and local taxes, 9,269 98 

Gross liabilities, 359,962 14 

Net cash assets, $570,586 07 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Interest and dividends received from all sources, 



$5,346 31 
723,388 89 

$728,735 20 
9,890 34 

$718,844 86 
22,678 34 



$696,166 52 
31,107 20 



Gross cash income, $727,273 72 



Expenditures. 

Cash paid for losses, 

Cash paid as profits on terminated policies, . 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, . . . . • 



$25,984 68 

589,672 11 

17,149 39 

16,140 56 

15,574 10 

$664.". M 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



381 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

RisksoutstandingDec.31,1900, $81,064,983 00 8639,755 57 $3,198,777 85 

Risks written during 1901, . 91,814,466 00 724,920 26 3,624,601 30 



Total, .... $172,879,449 00 $1,364,675 83 $6,823,379 15 
Risks terminated during 1901, 85,380,780 00 666,591 00 3,332,955 00 



In force at end of year, . . $87,498,669 00 $698,084 83 $3,490,424 15 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1901, 91.75 per cent. 



$27,634 00 



"ST. PAUL FIRE AND MARINE INSURANCE COMPANY," 

ST. PAUL, MINN. 

[Incorporated May, 1865. Commenced business May, 1865.] 

Paid-up Capital, $500,000. 

C. H. BIGELOW, President. A. W. PERRY, Secretary. 



Detailed Statement of Stocks, 

320 shares First Nat'l Bank, St. Paul, Minn., 

50 ' 

742 ' 

335 ' 

125 ' 

40 ' 

50 ' 

45 « 

60 ' 

50 ' 

25 ' 

20 ' 

100 ' 

135 ' 

500 ■ 

100 ' 

50 ' 



Second Nat'l Bank, St. Paul, Minn. 
Mer. Nat'l Bank, St. Paul, Minn., 
St. Paul Nat'l B'k, St. Paul, Minn. 
First Nat'l Bank, Minn., Minn., 
'• Northwest'n N'l B'k, Minn., Minn. 
First Nat'l Bank, Stillwater, Minn 
1 First N'l Bank, Alexandria, Minn, 
American Ex. Bank, Duluth, Minn. 
' First Nat'l Bank, Duluth, Minn , 

First Nat'l Bank, St. Peter, Minn., 
1 Northw'n N'l Bank, Superior, Wis. 
' North Am. Tel. Co., Minn., Minn., 
1 West. Pub. Co., St. Paul, Minn., 
» St. Paul Found. Co., St. P'l, Minn, 

Great Northern R'y Co., . 
1 Nat'l Bank of Montana, Helena, 
Northern Pacific R'y bonds, 
Chic, St. Paul, Minn. & Omaha R'y Co. bonds 
Union Pacific Railway bonds, . 
Louisville & Nashville R.R. Co. bonds, . 
Montana Central R.R. Co. bonds, 
Baltimore & Ohio R.R. Co. bonds, . 



Bonds, etc. 

Par Value. 

$32,000 00 

5,000 00 

74,200 00 

33,500 00 

12,500 00 

4,000 00 

5,000 00 

4,500 00 

6,000 00 

5,000 00 

2,500 00 

2,000 00 

10,000 00 

13,500 00 

25,000 00 

10,000 00 

5,000 00 

200,000 00 

50,000 00 

50,000 00 

25,000 00 

23,000 00 

50,000 00 



Market Value. 

$78,400 00 

10,000 00 

89,040 00 

33,835 00 

18,750 00 

6,600 00 

8,000 00 

6,750 00 

8,100 00 

8,750 00 

3,250 00 

1,500 00 

8,000 00 

16,385 00 

27,500 00 

18,400 00 

6,000 00 

178,000 00 

68,500 00 

52,500 00 

25,500 00 

31,510 00 

44,625 00 



382 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



Iowa Central R.R. bonds, 

Toledo, St. Louis & Western R.R. bonds, 

Missouri, Kansas & Texas R.R. bonds, 

Missouri, Kansas & Eastern R.R. bonds, 

Wabash R.R. Co. bonds, . 

North Chicago Street R'y bonds, 

City of Portland, Ore., bonds, . 

City of Jordan, Minn., bonds, . 

State of Georgia bonds, . 

City of St. Paul, Minn., certs, of indebtedness 

City of Duluth, Minn., certs, of indebtedness, 

County of Missoula, Mont., bonds, . 

City of Faribault, Minn., bonds, 

County of Kidder, N. D., bonds, 

County of Morton, N. D., bonds, 

Village of Glencoe, Minn., bonds, . 

Town of Elmore, Minn., bonds, 

Town of Joe Davies, Minn., bonds, . 

Village of Winnebago City, Minn., bonds, 

Village of Fulda, Minn., bonds, 

Village of Detroit, Minn., Sch. Dist. No. 1 b'ds 

City of Richmond, Va., bonds, . 

Minneapolis Gas Light Co. bonds, . 

S. Dis. No. 85, Cass & Barnes Co., N. D., b'ds 

St. Paul Gas Light Co. bonds, . 

Roberts County, S. Dak , bonds, 

Grant Count}*, New Mex., bonds, 

St. Paul Trust Co. bonds, .... 

Bo'd of State Cap. Com. of Minn, certs, of in., 

Town of Fisher, Minn., bonds, . 

City of Grand Forks, N. D., bonds, . 

Village of Gaylord, Minn., bonds, . 

Sch. Dist. No 81, Spokane Co., Wash., bonds, 

Baker City, Ore., bonds, .... 

City of Aberdeen, S. D., bonds, 

Township of Staples, Minn., bonds, 

City of Redwood Falls, Minn., bonds, 

Town of Kiester, Faribault Co., Minn., bonds, 

Town of Seeley, Faribault Co., Minn., bonds, . 

Con. for sale of land, Richland Co., N. D.,b'ds, 



Par Value. 

$46,000 00 
20,000 00 
25,000 00 
25,000 00 
50,000 00 
25,000 00 
50,000 00 
23,000 00 
10,000 00 
33,000 00 
12,230 56 
10,000 00 
25,000 00 
9,000 00 
12,000 00 
8,000 00 
3,000 00 
5,500 00 
3,500 00 
5,000 00 
5,000 00 
25,000 00 
15,000 00 
2,100 00 
70,000 00 
12,000 00 
10,000 00 
2,500 00 
50,000 00 
6,100 00 
4,000 00 
4,500 00 
50,000 00 
10,000 00 
4,000 00 
4,000 00 
6,000 00 
10,500 00 
11,000 00 
7,632 14 



Market Value. 

£46,000 00 
18,200 00 
21,500 00 
29,245 00 
49,000 00 
26,500 00 
57,960 00 
25,000 00 
10,400 00 
33,000 00 
12,230 56 
12,500 00 
25,500 00 
10,350 00 
12,960 00 
9,760 00 
3,000 00 
5,830 00 
3,500 00 
5,150 00 
5,750 00 
26,500 00 
16,170 00 
2,100 00 
74,040 00 
13,200 00 
11,000 00 
2,500 00 
51,000 00 
6,416 00 
4,600 00 
4,860 00 
56,500 00 
11,200 00 
4,400 00 
4,200 00 
6,720 00 
10,500 00 
11,000 00 
7,632 14 



§1,357,262 70 f 1,49" 



Securities held as collateral for cash loans : — 

83 shares First National Bank, St. Paul, 
50 " First N'l Bank, Little Falls, Minn., 
78 " Con. Elevator Co., Duluth, Minn., . 
25 u Franklin Investment Co., St. Paul, . 



Market Value. Loaned Thereon. 



619,920 00 
6,500 00 
7,020 00 
5,C0O 00 



00 

4,000 00 

5,000 00 

21 69 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



383 



30 shares Nat'l Ger. Amer. Bank, St. Paul, . 

315 " Far., Oz., Kirk & Co., St. P'l, Minn., 
40 " C. W. Hackett H. Co., St. P'l, Minn., 
25 " St. Paul Title & Trust Co., . 

124 " St. Paul Pioneer Press, . 

Little Falls, Minn., Elec. & Water Co. bonds, . 

Little Falls, Minn., Water Power Co. bonds, . 



Market Value. 
$3,150 00 

55,125 00 

5,200 00 

625 00 

3,100 00 

8,100 00 

22,500 00 



Loaned Thereon. 

$1,500 00 

12,000 00 

2,500 00 

330 94 

2,000 00 

5,350 00 

18,000 00 



$136,240 00 $59,202 63 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for fire, marine and inland risks, 
Prem's more than three mos. due, $37,608 96 

Gross assets, 

Deduct special deposits in other States, . 



Balance, 



$575,882 82 

402,150 00 

1,497,768 70 

59,202 63 

17,423 92 

221,349 45 

235,726 40 

17,446 09 



$3,026,950 01 
104,860 00 

$2,922,090 01 



Liabilities. 

Losses adjusted, unpaid, . . 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, . 



$59,893 56 

168,161 22 

13,535 00 

$241,589 78 
24,164 10 

$217,425 68 

1,412,735 66 

37,608 96 

10,517 87 

^1,678,288 17 
38,543 36 



- 1,639,744 81 

. $1,282,345 20 
500,000 00 

. $782,345 20 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$307,475 00 
628,850 00 
413,275 00 



384 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1900, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from all other sources, 



Gross cash income, 



$269,518 08 
2,318,566 18 



$2,588,084 26 
273,335 36 

$2,314,748 90 
367,493 78 

$16,932 34 
643,823 50 

$660,755 84 
17,446 09 

1643,309 75 
237,893 64 



$1,947,255 12 



sources, 



$405,416 11 
15,486 23 
76,360 34 
25,789 18 

$2,470,306 98 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$1,078,417 99 
90,202 82 

$312,811 93 

96,117 74 



Gross cash expenditures, 82,052,678 17 



$988,215 17 



216,694 19 
50,000 00 

493,630 97 
92,247 42 
57,981 

153,909 15 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

8177.792,650 00 $2,285,814 15 
. 144,845,250 CO 2,318,566 18 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$322,637,900 00 $4,604,380 33 
. 125,818,966 00 1,979,070 16 



$196,818,934 00 $2,625,310 17 
. 10,411,485 00 136,486 10 



$186,407,449 00 $2,488,824 07 



TEUTONIA INSURANCE CO. OF NEW ORLEANS. 



385 



Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $5,193,013 00 

. 80,647,328 00 

. $85,840,341 00 

. 80,748,379 00 

. $5,091,962 00 

605,298 00 



Premiums. 

$201,638 60 
643,823 50 

$845,462 10 
654,561 68 

$190,900 42 
15,660 09 



$4,486,664 00 $175,240 33 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent.), . 

Company's stock owned by directors, 



$30,529,738 00 

18,854,196 00 

1,021,760 00 

164,023 00 

1,546,694 00 

50,000 00 

85,400 00 



"TEUTONIA INSURANCE COMPANY OF NEW ORLEANS," NEW 

ORLEANS, LA. 

[Incorporated April 12, 1871. Commenced business June 1, 1871.] 

Paid-up Capital, $250,000. 

ALBERT P. NOLL, President. GEORGE MEYER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

New Orleans city bonds, $250,000 00 

Louisiana State bonds, 160,000 00 

United States bonds, . . . . . . 50,000 00 

100 shares Canal Bank, New Orleans, . . 10,000 00 

25 " Germania Nat'l Bank, New Orleans, 2,500 00 

10 " Provident Savings Bank, N. O., . 1,000 00 

40 " Illinois Central R.R. Co., . . 4,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Losses adjusted, claimed and reported, . 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 



$477,500 00 

31, 1901. 

f40,000 00 

525,310 00 

100 57 

70,317 32 

92,009 04 



$46,575 80 

1,500 00 

302,243 22 



Market Value. 

$271,250 00 

172,800 00 

55,500 00 

15,500 00 

3,500 00 

1,160 00 

5,600 00 

$525,310 00 



$727,736 93 



386 



TEUTONIA INSURANCE CO. OF NEW ORLEA 



Dividends to stockholders unpaid, . 

Bills payable, 

Reinsurance, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$13,325 00 
8,472 25 
5,000 00 
3,275 15 



$380,391 

$347,345 51 

250,000 00 



Surplus over capital, $97,345 51 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1900, 

Premiums on risks written or renewed, . 



Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest and dividends received from all sources, . 



$73,199 87 
782,846 46 

$856,046 33 
88,077 04 

$767,969 29 
215,774 95 

$2,800 45 
27,678 06 

$30,478 51 
3,932 00 

$26,546 51 
3,544 21 



$552,194 34 



$23,002 30 
20,186 27 



Gross cash income, $595,382 91 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$405,929 84 
46,720 15 



$359,209 69 

9,294 38 

25,000 00 

119,088 56 

25,895 34 

8,083 12 

43,829 24 



Gross cash expenditures, 



$590,400 33 



TRADERS' INSURANCE CO. 



387 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1901, . 
Deduct risks expired and terminated, 



.f 39,610,433 00 

. 48,790,094 00 

. $88,400,527 00 

. 42,958,430 00 

. $45,442,097 00 

. 4,743,262 00 



Premiums. 

$517,597 42 
782,846 46 

1,300,443 88 
688,045 84 

$612,398 04 
57,868 58 



.$40,698,835 00 $554,529 46 



$5,518,216 00 
5,518,216 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, .... 



527,678 06 
27,678 06 



$8,713,169 00 

4,019,573 00 

338,892 00 

9,294 00 

663,892 00 

12,500 00 

90,500 00 



"TRADERS 1 INSURANCE COMPANY," CHICAGO, ILL. 

[Incorporated February, 1865. Commenced business May, 1872.] 
Paid-up Capital, $500,000. 
THIES J. LEFENS, President. S. A. ROTHERMEL, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

United States bonds, $110,000 00 $122,400 00 

Cass Avenue & Fair Grounds R'y bonds, . 10,000 00 10,000 00 

Chicago & Eastern Illinois R.R. bonds, . . 10,000 00 12,200 00 

Lake Erie & Western R.R. bonds, . . . 20,000 00 24,400 00 

Wabash R.R. bonds, . . ... . . 25,000 00 29,750 00 

Atchison, Topeka & Santa Fe R'y bonds, . 50,000 00 51,500 00 

Union Pacific R.R. bonds, .... 100,000 00 105,875 00 

Erie Railroad bonds 50,000 00 50,000 00 

Metropolitan West Side Elev. R.R. bonds, . 20,000 00 20,000 00 

United States of Mexico gold bonds, . . 48,500 00 46,560 00 

Chicago, Milwaukee & St. Paul R'y stock, . 60,000 00 111,500 00 

Chicago & North Western R'y stock, . . 75,000 00 161,250 00 

Denver & Rio Grande R.R. stock, . . . 144,000 00 135,360 00 

Chicago, St. Paul, Minn. & Omaha R'y stock, . 15,000 00 21,750 00 

Chicago & Alton Railway stock, . . . 100,000 00 76,500 00 

Chicago City Railway stock, .... 235,300 00 435,305 00 



388 traders' insurance co. 

Par Value. Market Value. 

North Chicago Street R.R. stock, . . . f 72,000 00 f 129,600 00 

South Side Elevated R.R. stock, . . . 60,000 00 65,400 00 

First National Bank stock, .... 10,000 00 88*500 00 

Corn Exchange National Bank stock, . . 27,500 00 108,025 00 

Continental National Bank stock, . . . 48,700 00 92,530 00 

American Exchange National Bank stock, . 25,000 00 2,500 00 

National Bank of America stock, . . . 30,000 00 1,800 00 

America National Bank stock, .... 27,500 00 1,375 00 

Union National Bank stock, .... 20,000 00 1,000 00 

Chicago Leasehold Trustees stock, . . . 25,000 00 6,250 00 

Western Adjustment & Inspection Co. stock, . 300 00 375 00 

Town of Cicero warrants, .... 1,061 85 97G 90 

Pennsylvania R.R. Co. stock 30,000 00 45,000 00 

Atchison, Topeka & Santa Fe R'y bonds, . 50,000 00 50,500 00 



$1,499,861 85 $1,958,781 90 
Securities held as collateral for cash loans : — 

Market Value. Loaned Thereon. 

Chicago Auditorium Associa. bonds, . . -,000 00 $ 13,400 00 

Summary of Assets Dec. 31, 1901. 

Cash value of unencumbered real estate, . 851,061 17 

Loans on mortgage of real estate (first liens *), 128,200 00 

Interest due or accrued thereon, . . . 3,770 40 

Stocks, bonds, etc., as per schedule, . . . 1,958,781 90 

Loans on collateral security, as per schedule, . 13,400 00 

Cash in the office of the company, . . . 931 01 

Cash deposited in bank, 170,564 35 

Interest due and accrued, 8,217 04 

Premiums in course of collection (gross), . 176,223 13 

Rents due and accrued, 88 50 

Prem's more than three mos. due, f 3,216 36 

Gross assets, f 2,511,237 50 

Deduct special deposits in other States, 68,150 00 



Balance, f 2,443,087 50 

Liabilities. 



Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, ..... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 



$63,746 79 

93,014 67 

5,830 36 

$162,591 82 
23,754 64 

£ 138,837 18 

898,027 32 

18,191 oo 



* Value of lauds mortgaged $2S7,934 00 

A'alue of buildings thereon 189.3S3 00 

Amount of insurauce held as collateral 10S.SS3 00 



TRADERS INSURANCE CO. 



389 



Reinsurance disallowed, . 
Miscellaneous, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 



$6,376 53 
9,156 27 

L,070,588 85 
17,946 51 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



$1,052,642 34 

$1,390,445 16 
500,000 00 



,445 16 



Gross cash income, . ... 

Expenditures 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$154,417 30 
527 32 

$153,889 98 
1,697,157 83 

fl,851,047 81 
178,912 17 

51,672,135 64 
452,283 43 



sources, . 



$1,219,852 21 

8,149 54 

82,265 09 

2,153 47 

$1,312,420 31 



$909,802 49 
103,591 21 



Gross cash expenditures, . 

Risks and Premiums. 




$806,211 28 
50,000 00 
283,755 71 
78,768 13 
41,000 77 
66,989 40 



$1,326,725 29 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$124,998,110 00 
. 132,661,427 00 

$257,659,537 00 
. 115,289,390 00 

$142,370,147 00 
. 11,^46,064 00 



Premiums. 

$1,599,465 77 
1,697,157 83 

$3,296,623 60 
1,438,900 95 

$1,857,722 65 
162,708 78 



$130,824,083 00 $1,695,013 87 



390 



UNION INSURANCE CO. OF PHILADELPHIA. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$16,163,918 00 
9,895,130 00 
838,250 00 
1,472,500 00 
50,000 00 
142,300 00 



"UNION INSURANCE COMPANY OF PHILADELPHIA, 1 ' 
PHILADELPHIA, PA. 

[Incorporated Feb. 6, 1804. Commenced business July 25, 1803.] 

Paid-up Capital, $200,000. 

CHAS. S. HOLLINSHEAD, President. E. R. DANNELS, Secretary. 



Detailed Statement of Stocks 



Susquehanna Coal Co. bonds, . 
Steubenville & Indiana R.R. Co. bonds, 
Chesapeake & Delaware Canal Co. bonds, 
Philadelphia & Reading R.R. Co. bonds, 
Lehigh Valley R.R. Co. bonds, 
North Pennsylvania R.R. Co. bonds, 
Heston., Mantua & Fairmt. Pass. R.R. Co. b'ds, 
People's Passenger R'y Co. bonds, . 
Lehigh Coal & Navigation Co. bonds, 
Cm., Dayton & Ironton R.R. Co. bonds, 
Atlantic City R.R. Co. bonds, . 
Union Traction Co. bonds, 
Penn., & N. Y. Canal & R R. Co. bonds, 
Bloomfield Street R'y Co. bonds, 
Lynn & Boston R.R. Co. bonds, 
Camden & Suburban R'y Co. bonds, 
Perkiomen R.R. Co. bonds, 
100 shares Little Schuylkill R.R. Co., 
136 ' 
68 ' 
100 ' 
109 ' 
120 ■ 



North Pennsylvania R.R. Co., 
Philadelphia National Bank, 
Philadelphia Traction Co., 
Thir. & Fifteenth Sts. Pass. R'y Co., 
Philadelphia & Reading R.R. Co., . 



and Bonds. 

Par Value. 

$10,000 00 

15,000 00 

15,000 00 

45,000 00 

10,000 00 

2,000 00 

3,000 00 

11,000 00 

10,000 00 

5,000 00 

11,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00 

10,000 00 

13,000 00 

5,000 00 

6,800 00 

6,800 00 

5,000 00 

5,450 00 

6,000 00 



Market Value. 
* 12,000 00 

17,100 00 

7,950 00 
52,600 00 
13,100 00 

2,160 00 

3,600 00 
12,320 00 
10,250 00 

5,700 00 
12,430 00 

9,800 00 
10,950 00 
11,200 00 

5,650 00 
10,700 00 
13,650 00 

5,900 00 
14,722 00 
18,564 00 

9,800 00 
33,899 00 

3,542 50 



$230,050 00 f 297,587 50 



Summary of Assets Dec. 31, 1901. 
Cash value of unencumbered real estate, . $160,000 00 

Loans on mortgage of real estate (first liens *) , 3,900 00 



* Value of property mortgaged, . 
Amount of insurance held as collateral, 



$6,000 00 
3,000 00 



UNION INSURANCE CO. OF PHILADELPHIA. 



391 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 

deposited in bank, .... 

in hands of manager, 

Premiums in course of collection (gross), 

Perpetual insurance, .... 

Prem's more than three mos. due, . $456 05 

Gross assets, 



$297,587 50 

1,926 16 

24,229 62 

2,902 51 

70,191 50 

742 50 



$561,479 79 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Miscellaneous, 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, . . . . 



Surplus over capital, 



$28,961 98 

17,372 85 

2,700 00 

$49',034 83 
4,008 16 

$45,026 67 

234,848 88 

32,156 98 

20,353 62 

1,095 86 

29 70 



333,511 71 

$227,968 08 
200,000 00 

$27,968 08 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, .... 



Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Deposits received for perpetual fire risks, 

Gross cash income 



$56,407 13 

456 05 

$55,951 08 

407,387 93 

$463,339 01 

70,191 50 

$393,147 51 

79,663 27 



sources, . 
. $877 50 



$313,484 24 

425 00 

14,089 02 

2,364 07 



$330,362 33 



392 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 



Expenditures. 

Cash paid for fire losses, $195,446 77 

Deduct salvage and reinsurance, . . . 21,067 81 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expenses on real estate, 

for incidentals, 

Deposits returned on perpetual fire risks, . $2,837 37 



Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. £42,135,367 00 
. 36,738,149 00 



.$78,873,516 00 
. 33,448,248 00 

. $45,425,268 00 
. 2,347,337 00 



|174,378 96 

12,000 

65,918 85 

40,505 19 
9,365 44 
5,457 94 

22,007 69 

$329,634 07 

Premiums. 

J, 907 67 
407,387 93 

6840,295 60 
357,762 26 

$482,533 34 
25,107 79 



. $43,077,931 00 $457,425 55 



Perpetual risks in force (not included above), . $1,200,734 00 

Miscellaneous: 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the j'ear, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$35,729 98 



$25,810,405 00 

18,070,003 00 

,528 00 

1,954,221 00 

12,000 00 

43,300 00 



"UNITED FIREMEN'S INSURANCE COMPANY OF PHILA- 
DELPHIA," PHILADELPHIA, PA. 

[Incorporated April 2, 1S60. Commenced business April 1, 1S6L] 
Paid-up Capital, $300,000. 
ROBERT B. BEATH, President. DENNIS J. SWEENY, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Mark-: v 

Allegheny Valley R.R. Co. bonds, . . . ,000 00 I 00 

Atlantic City R.R. Co. bonds 20,000 00 22,600 00 

Baltimore & Potomac R.R. Co. bonds, . .. 5,000 00 6,0C0 00 

Chic, Rock Island & Pacific R'y Co. bonds, . 15,000 00 16,050 00 



UNITED FIREMEN'S INSURANCE GO. OF PHILADELPHIA. 393 



Chicago & Western Ind. R.R. Co. bonds, . 
Choctaw, Oklahoma & Gulf R.R. Co. bonds, 
Consolidated Traction Co. of N. J. bonds, 
Car Trusts of New York, .... 
City of Woonsocket, Dak., bonds, . 
Delaware Co. R'y gold trust certificates, . 
Evansville & Terre Haute R.R. bonds, . 
Erie R.R. Co. Car Trust bonds, 
Electric & People's Trac. Co. stock tr. certs., 
Illinois Central R.R. Co. bonds, 
Lake Erie & Western R.R. Co. bonds, 
Lehigh Valley R'y Co., N. Y., bonds, 
Lehigh Valley R.R. Co. certificates, 
Lehigh Coal & Navigation Co. bonds, 
McKeesp. & Belle Vernon R.R. Co. bonds, 
Mortgage Trust Co. of Penn. bonds, 
Northern Central R'y bonds, . 
Newark (X. J.) Passenger R'y Co. bonds, 
Oley Valley R'y bonds, .... 
Penn. Co. guaranteed trust certificates, . 
Penn. & N. Y. Canal & R.R. Co. bonds, . 
Pennsylvania R.R. Co. bonds, . 
Phila. & Bait. Cent. R.R. Co. loan cert, . 
Phil a. & Erie R.R. Co. gold mortgage, . 
Pitts., Cin., Chic. & St. Louis R'y bonds, . 
People's Pas. R'y Co. stock trust. certs., . 
Philadelphia Traction Co. bonds, 
Reading Co. Car Trust bonds, . 
Real Estate Title Ins. & Trust Co. debent., 
Second Ave. Traction Co. (Pittsburg) bonds, 
United Gas Co. debenture bonds, 
United Railways gold trust certificates, . 
Wilmington City (Del.) R'y Co. bonds, . 
200 shares Continental Pas. R'y (Phila.), 

30 " Frankford & Southwark Pas'r R'y 
200 " Union Passenger R'y, 

34 " Mil. Underwr's B'l'd Ass'n No. 1., 



Securities held as collateral for cash loans : — 
50 shares 13th & 15th Sts. Pas. R'y Co., . 



20 
12 

10 

25 

300 

6 



Bucks Co. (Pa.) Trust Co., . 
New Hope Delaware Bridge Co., 
Title Guar. & Trust Co., N. Y., 
R. E. Title Ins. & Tr. Co., Phila., 
Metropolitan Street R'y Co., . 
Frank. & South. P. R.R. Co., Phil., 



Par Value. 

$10,000 00 
25,000 00 
25,000 00 

7,000 00 

6,000 00 
12,000 00 
10,000 00 
15,000 00 
25,200 00 
10,000 00 
10,000 00 
20,000 00 
20,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
20,000 00 

9,000 00 
15,000 00 
20,000 00 
20,000 00 
10,000 00 
20,000 00 
34,000 00 
15,000 00 
10,000 00 
15,000 00 
20,000 00 
15,000 00 
25,000 00 
20,000 00 
25,000 00 
10,000 00 

1,500 00 

10,000 00 

100 00 



Market Value. 

§11,800 00 
28,000 00 
27,500 00 

7,070 00 

6,000 00 
10,440 00 
10,900 00 
15,000 00 
24,696 00 
10,200 00 
12,300 00 
22,000 00 
20,200 00 
20,400 00 
12,800 00 

8,500 00 
10,800 00 
23,600 00 

9,130 00 
14,850 00 
19,000 00 
22,000 00 
10,200 00 
26,000 00 
39,100 00 
16,050 00 
10,600 00 
15,300 00 
20,000 00 
17,550 00 
25,250 00 
17,800 00 
25,250 00 
31,000 00 
13,650 00 
49,000 00 
100 00 



$619,800 00 $733,486 00 

Market Value. Loaned Thereon 

$15,650 00^ 



2,000 00 
1,200 00 
4,500 00 ' 
3,025 00 
48,000 00 
2,730 00 



$12,000 00 

1,000 00 

35,000 00 

2,000 00 



$77,105 00 $50,000 00 



394 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Perpetual deposits in course of collection, 
Prem's more than three mos. due, $2,152 72 
Gross assets, 



1211,200 00 

423,373 00 

6,967 80 

733,486 (JO 

50,000 00 

4,970 84 

115,380 65 

483 14 

73,296 77 

254 49 

2,617 16 



? 1,622,029 85 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



816,704 53 

15,019 73 

8,775 00 

305,392 56 

765,113 73 

4,716 72 

6,500 00 

15,038 86 

11,079 91 

2,632 95 



1,150,973 99 

f471,055 86 
300,000 00 

$171,055 86 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



$61,679 52 
1,643 35 

$60,036 17 
469,221 37 

$529,257 54 
73,806 14 

$455,451 40 
84,194 41 



$371,256 99 



* Value of property mortgaged, . 
Amount of insurance held as collateral, 



$Sl-2,625 00 
350,S63 00 



UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 395 

Interest received on mortgages, $27,247 09 

Interest and dividends received from all other sources, . . 34,872 54 

Income from rents, 8,981 70 

Income from all other sources, 1,204 74 

Deposits received for perpetual fire risks, . $59,408 34 

Gross cash income, $443,563 06 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expense on real estate, 

for profit and loss account, 

for incidentals, .... 

Deposits returned on perpetual fire risks, 



$206,694 44 

30,000 00 

95,471 67 

28,842 16 

6,216 09 

7,021 48 

1,643 35 

33,145 41 



$19,057 24 



Gross cash expenditures, $409,034 60 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . . $52,885,765 00 $532,272 41 
Fire risks written during 1901, . . . 42,629,931 00 469,221 37 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



$95,515,696 00 $1,001,493 78 
35,232,492 00 368,855 43 



,283,204 00 $632,638 35 
4,734,485 00 55,777 37 



Net amount in force $55,548,719 00 $576,860 98 

Perpetual risks in force (not incl'd above), . $37,128,430 00 $846,896 55 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$5,543,428 00 

3,340,700 00 

222,757 00 

563,506 00 

30,000 00 

84,480 00 



396 



UNITED STATES FIRE INSURANCE CO. 



"UNITED STATES FIRE INSURANCE COMPANY 
NEW YORK, N. Y. 

[Incorporated April 1, 1824. Commenced business April 9, 1824.] 

Paid-up Capital, $250,000. 

W. W. UNDERHILL, President. BAMUEL M. CRAFT, Secretary. 



Detailed Statement of Stocks and Bo^ 

Par Value. 

Rensselaer & Saratoga R.R. stock, . . f 25,000 00 

Consol. stock, N. Y. city bonds, . . . 100,000 00 

United States bonds 35.000 00 

District of Columbia bonds, .... 50,000 00 



Market Value. 

$53,000 00 
107,070 00 

48,825 00 
63,250 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross) 

Reinsurance due on losses paid, 

Gross assets, f .... 
Deduct special deposits in other States, 



f210,000 00 $272,145 00 

31, 1901. 
$46,000 00 
309,200 00 

2,3u7 : 

272,145 00 

5,382 14 

108 85 

627 08 

124,629 62 

752 52 

1768,152 91 

77,20u 00 



Balance, $690,952 91 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 



^26,924 05 

46,253 57 

6,535 88 

579,713 50 
14,623 89 



Net amount of unpaid losses, .... f 65,089 61 

* Value of lands mortgaged -X) 00 

Value of buildings thereon "00 00 

Amount of insurance held as collateral, .... 

t Including $125,000 special reserve held under New York law. 



UNITED STATES FIRE INSURANCE CO. 



397 



Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, 



$272,034 34 

3,720 33 

24,108 88 

53,332 07 

2,852 88 

$421,138 11 
31,775 88 



Surplus over capital, . 



$389,362 23 

$301,590 68 
250,000 00 

$51,590 68 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total 

Premiums now in course of collection, . 

Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash fire premiums received, . 
Marine premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, .... 

Expenditures 
Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, 



$93,377 96 
1,680 34 



$91,697 
612,159 


62 
69 


$703,857 
121,705 


31 

82 


$582,151 49 
225,165 08 


$3,513 
40,311 


69 
15 


$43,824 
2,923 


84 
80 


$40,901 
5,632 


04 
16 



sources, . 



$236,158 06 
36,065 18 

$28,248 89 
2,045 99 



$356,986 41 



$35,268 88 

13,870 30 

8,728 02 

3,662 00 

$418,515 61 



$200,092 88 



26,202 90 



398 



UNITED STATES LLOYI>-. 



Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $53,564,539 
. 57,434,876 



$17,500 00 

102,104 50 

28,815 01 

10,696 11 

41,667 92 

|427,079 32 



Premiums. 

00 $540,418 90 
00 612,159 69 



$110,999,415 
. 47,072,737 



00 $1,152,578 59 
00 487,397 42 



. $63,926,678 
. 15,902,997 



00 $665,181 17 
00 183,260 81 



.$48,023,681 00 $481,920 36 



$1,082,508 
1,603,956 



00 
00 



$2,686,464 
1,608,977 



00 
00 



$1,077,487 
8,000 



00 
00 



$32,055 56 
40,311 15 

$72,366 71 
40,123 30 

$32,243 41 
215 00 



$1,069,487 00 $32,028 41 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (7 per cent), . 
Company's stock owned by directors, .... 



$7,659,100 00 

4,124,244 00 

216,329 00 

24,193 00 

1,944,090 00 

17,500 00 

55,400 00 



"UNITED STATES LLOYDS," NEW YORK, N. Y. 

[Commenced business December, 1S72.] 
HIGGINS, COX & APPLETON, Attorneys. 



Detailed Statement of Stocks, Bonds, etc. 



Massachusetts State bonds, 

Havana, Cuba, city bonds, 

Consolidated stock, city of N. Y., 

New York city stock, 

Boston city bonds, . 

Chic, Rock Island & Pacific R.R. bonds, 



Par Value. 

$50,000 00 
25,000 00 
25,000 00 

100,000 00 
50,000 00 
50,000 00 



Market Value. 

$54,000 00 
25,500 00 
24,750 00 

100,500 00 
53,750 00 
53,000 00 



UNITED STATES LLOYDS. 



399 



Long Island R R. Co. bonds, . 

Union Pacific R.R. Co. bonds, . 

Atch., Topeka & Santa Fe R.R. bonds, 

Northern Pacific R.R. Co. bonds, 

Baltimore & Ohio R.R. Co. bonds, . 

Scioto Valley & New England R.R. Co. bonds, 

Atlantic Mutual Insurance Co. scrip, 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 
Atlantic Mutual Insurance Co. scrip, 
Prem's more than three mos. due, $6,153 97 
Gross assets, 

Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Cash deposited in trust, .... 
Due and accrued for rent, salaries, etc., . 
State and local taxes, . . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 

Miscellaneous, 

Gross liabilities, 



Surplus, 



Par Value. 

$50,000 00 
50,000 00 
50,000 00 
25,000 00 
50,000 00 
15,000 00 
29,160 00 



Market Value. 

$52,500 00 
53,500 00 
51,500 00 
26,250 00 
51,500 00 
15,300 00 
29,160 00 



$569,160 00 $591,210 00 

31, 1901. 

$591,210 00 

2,000 00 

152,573 .99 

8,397 47 

117,524 54 

7,369 00 

27,400 00 

$906,475 00 



$126,080 00 

111,289 39 

27,054 40 

1,475 00 

5,000 00 

5,058 00 

59,139 35 

75 24 



335,171 38 
$571,303 62 



Income. 

Marine premiums outstanding Dec. 31, 1900, 
1 Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 



$192,803 43 
3,133 41 

$189,670 02 
1,279,774 73 

$1,469,444 75 
120,545 10 



$1,348,899 65 
879,019 24 



Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest and dividends received from all sources, . 

Income from commissions, discounts, reinsurance, etc., . 

Gross cash income, 



$469,880 41 

27,680 45 

141,753 28 

$639,314 14 



400 



VICTORIA FIRE INSURANCE CO. OF NEW YORK. 



Expenditures. 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



£412,970 93 
49,360 89 



Gross cash expenditures, .... 

Risks and Premiums. 




Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



. $18,288,645 00 
. 297,355,100 00 

$315,643,745 00 
. 297,535,524 00 

.|18,108,221 00 
. 5,489,69- 



1,610 0-4 

50,000 00 

72,042 18 

67,308 62 

4,521 62 

8 51 



1560,190 97 



Premiums. 

■,917 48 
79,774 73 

f 1,390,69 _ 
1,279,402 82 

$111,289 39 
29,606 63 



Net amount in force, . 

Miscellaneous. 
Marine and inland losses incurred during the year, 



.£12,618,529 00 $81,6- 



£351,738 00 



"VICTORIA FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated June 24, 1S96. Commenced business July 1, 1S96.] 

Paid-up Capital, $200,000. 

HENRY H. HALL, President. EDW. K. BEDDALL, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 

City of Chicago river bonds, 

Maine Central R.R. bonds, 

New Y~ork city loan, . 

224 shares Beech Creek R.R., 



Par Value, 
f 105,000 00 

20,000 00 
15,000 00 
50,000 00 
11,200 00 



$201,200 00 

Summary of Assets Dec. 31, 1901. 
Stocks, bonds, etc , as per schedule, . . . $246,772 00 



Cash deposited in bank, 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Gross assets, 



8,087 88 

1,843 36 

13,-221 68 



Market Value. 
$144,875 00 

22,000 00 
15,900 00 
52,125 00 
11,872 00 

£246,772 00 






$269,924 92 



VICTORIA FIRE INSURANCE CO. OF NEW YORK. 401 



Liabilities. 

Losses adjusted, unpaid, $10,010 34 

Losses claimed and reported, .... 15,237 80 

Unearned premiums on outstanding risks, . 44,541 64 

Commissions and brokerage, .... 1,983 25 

Gross liabilities, except capital, . . $71,773 03 



Surplus as regards policy holders, $198,151 89 

Paid-up capital, 200,000 00 

Impairment of capital, $1,848 11 

Income. 

Fire premiums outstanding Dec. 31, 1900, . $5,443 73 

Premiums on risks written or renewed, . . 108,615 29 



Total, $114,059 02 

Premiums now in course of collection, . . 13,221 68 



Entire premiums collected, .... $100,83734 
Less reinsurance and return premiums, . . 21,986 26 

Net cash fire premiums received, . . . $78,851 08 

Interest and dividends received from all sources, . . . 7,921 46 



Gross cash income, $86,772 54 

Expenditures. 

Cash paid for fire losses, $60,886 08 

Deduct salvage and reinsurance, . . . 9,163 03 

Net cash paid for fire losses, .... $51,723 05 

Cash paid for commissions and brokerage, .... 17,080 61 

for salaries of officers and employees, . . . 4,062 96 

for State and local taxes, 2,431 26 

for incidentals, 3,884 59 



Gross cash expenditures, $79,182 47 

Risks and Premiums. 

Premiums. 

. $8,617,855 00 $88,805 83 
. 10,272,184 00 108,615 29 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total 

Deduct risks expired and terminated, 

In force at end of year, 

Deduct amount reinsured, . . 

Net amount in force, . 



.$18,890,039 00 $197,421 12 
. 10,629,567 00 107,842 22 



1,260,472 00 $89,578 90 
67,550 00 812 25 



5,192,922 00 $88,766 65 



402 



WESTCHESTER FIRE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 



1430,844 00 

285,025 00 

71,447 00 

15,000 00 

32,500 00 



"WESTCHESTER FIRE INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated as mutual March 14, 1837. Commenced business as joint-stock Jan. 1, 1870.] 

Paid-up Capital, $300,000. 
GEO. R. CRAWFORD, President. M. O. BROWN, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

United States consols, $60,000 00 $67,200 00 

New York city bonds, 300,000 00 315,000 00 

Chesapeake & Ohio bonds, .... 30,000 00 36,000 00 

Missouri, Kansas & Texas bonds, . . . 30,000 00 29,400 00 

New Rochelle city bonds, .... 30,000 00 80,120 00 

Richmond city, Va., bonds, .... 16,00000 16,00000 

New York & Harlem R.R. stock, . . . 60,000 00 255,000 00 

Albany & Susquehanna R.R. stock, . . . 40,000 00 89,000 00 

Rensselaer & Saratoga R.R. stock, . . . 50,000 00 105,000 00 

N. Y., Lack. & Western R.R. stock, . . . 80,000 00 108,000 00 

Rome, Watertown & Ogdensburg R.R. stock, . 50,000 00 68,000 00 

Oswego & Syracuse R.R. stock, . . . 20,000 00 45,000 00 

Syracuse, Binghamton & N. Y. R.R. stock, . 50,000 00 102,500 00 

Chicago, Milwaukee & St. Paul R.R. stock, . 110,000 00 184,000 00 

Delaware & Hudson Co. stock, . . . 20,000 00 35,500 00 

Chicago & Northwestern R.R. stock, . . 50,000 00 103,000 00 

Pennsylvania R.R. stock, 50,000 00 75,250 00 

N. Y. Central & Hudson River R.R. stock, . 50,000 00 84,000 00 

Western Union Telegraph Co. stock, . . 100,000 00 92,500 00 

Chatham National Bank, N. Y., stock, . . 5,000 00 16,250 00 



$1,201,000 00 $1,856,720 00 



Summary of Assets Dec. 31, 1901. 

Cash value of unencumbered real estate, . § 260,250 00 

Loans on mortgage of real estate (firstjiens *), 519,497 50 

Interest due or accrued thereon, . . . 10,266 73 

Stocks, bonds, etc., as per schedule, . . . 1,856,720 C»n 

* Value of lands mortgaged, | • ; " " 

Value of buildings thereon, 542,600 00 

Amount of insurance held as collateral 50S.650 00 



WESTCHESTER FIRE INSURANCE CO. 



403 



Cash deposited in bank, 

Premiums in course of collection (gross), 
Prem's more than three mos. due, $14,620 90 

Gross assets,* 

Deduct special deposits in other States, . 



$328,967 93 
231,336 66 



$3,207,038 82 
83,200 00 



Balance, $3,123,838 82 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, ..... 



Surplus over capital, 



$44,004 86 

164,496 64 

13,750 00 

3222,251 50 
43,334 31 

$178,917 19 

1,487,449 09 

53,860 29 

15,219 15 

$1,735,445 72 
33,686 70 



1,701,759 02 



. $1,422,079 80 
300,000 00 



$1,122,079 80 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



$290,863 88 
2,780 00 

$288,083 88 
2,385,913 14 

$2,673,997 02 
245,957 56 

$2,428,039 46 
537,092 38 

$1,890,947 08 

31,527 51 

sources, . . 118,819 54 

1,754 81 



$2,043,048 94 



* Including $300,000 special reserve held under New York laws. 



404 



THE WESTERN INSURANCE CO. OF PITTSBURGH. 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . ... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$1,256,704 80 
153,100 38 



Gross cash expenditures, .... 

Risks and Premiums. 



f 1,103,604 42 

48,000 00 

• 422,825 56 

118,213 61 

46,810 67 

170,661 42 

f 1,910,115 68 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



Premium*. 

$302,417,917 00 $2,708,695 79 
234,409,571 00 2,385,913 14 



$536,827,488 00 
203,046,772 00 

$333,780,716 00 
30,457,055 00 



$5,094,608 93 

1,972,051 54 

$3,122,557 39 

285,864 91 



$303,323,661 00 $2,836,692 48 

Miscellaneous. 
Premiums received from organization of company, 



Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (16 per cent.), 
Company's stock owned by directors, .... 



$29,582,346 00 

16,413,395 00 

1,126,181 00 

942,000 00 

48,000 00 

98,100 00 



"THE WESTERN INSURANCE COMPANY OF PITTSBURGH," 

PITTSBURGH, PA. 

[Incorporated March 20, 1S49. Commenced business May 1, 1S49.] 

Paid-up Capital, $300,000. 

JOHN B. JACKSON, President. D. DALLAS HAEE, Secretary. 

Detailed Statement of Bonds. 

Par Value. Market Value. 

United States bonds, $30,000 00 $,900 00 

Allegheny County bonds, 20,000 00 .000 00 

Pittsburgh Junction R.R. bonds, . . . 23,000 00 27,750 00 

Pittsburgh & Western R.R. bonds, . . . 10,000 00 10,100 00 

Pittsburgh & Allegheny Bridge Co. bonds, . 15,000 00 16,200 00 

Jack's Run Bridge Co. bonds, . . . 4,000 00 00 

East McEeesport, Pa., school bonds, . . 2,500 00 2.775 00 

Wilkinsburg Borough bonds, .... 30,000 00 33,000 00 

Braddock Township school bonds, . . . 4,500 00 4,500 00 






THE WESTERN INSURANCE CO. OF PITTSBURGH. 



405 



New Brighton, Pa., school bonds, . 
German Evangelical Protestant Church bonds, 
Bellevue Borough, Pa., bonds, . 
Avalon Borough, Pa., school bonds, . 
Connellsville Water Co. bonds, 
Pennsylvania Water Co. bonds, 
Beaver Valley Traction Co. bonds, . 
Youngstown & Sharon R'y Light Co. bonds, 
Birmingham, Ala., Water Works Co. bonds, 
St. Joseph, Mo., Water Co. bonds, . 
Carbon Iron Co. bonds, .... 



Securities held as collateral for cash loans : — 
Paid up policy of N. Y. Life Insurance Co., . 



Par Value. 

$5,000 00 

3,000 00 

3,500 00 

1,500 00 

4,000 00 

5,000 00 

8,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 



Market Value. 

$5,140 00 

3,040 00 

3,640 00 

1,500 00 

4,100 00 

5,400 00 

8,400 00 

20,000 00 

10,000 00 

10,200 00 

11,000 00 



$219,000 00 $235,045 00 

Market Value. Loaned Thereon. 

$3,000 00 $1,775 94 



Summary of Assets Dec. 31, 1901. 

Loans on mortgage of real estate (first liens*), $192,600 00 
Interest due or accrued thereon, 
Bonds, as per schedule, .... 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 
Prems. more than three mos. due, $4,233 86 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 



Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Return premiums, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, ..... 



Surplus over capital, 



3,217 63 
235,045 00 

1,775 94 

2,581 76 
79,558 23 

1,109 39 
34,110 38 

1,002 65 



$8,646 80 

15,906 42 

2,525 00 



$551,000 98 



$27,078 22 
257 66 

$26,820 56 
182,994 07 

7,037 52 
31 29 

1,923 81 



218,807 25 

$332,193 73 
300,000 00 

$32,193 73 



* Value of lands mortgaged, $268,100 00 

Value of buildings thereon, 268,950 00 

Amount of insurance held as collateral, ..... 161,600 00 



406 



THE WESTERN INSURANCE CO. OF PITTSBURGH. 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1900, 

Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from profit on sale of real estate, 



136,152 48 
3,354 52 



$32,797 96 
295,676 01 


$328,473 97 
34,835 36 


$293,638 61 
52,110 58 


$104 45 
1 74 


$102 71 
322 99 


152 62 


$273 08 

17 21 



sources, . 



$241,528 03 



255 87 

10,169 83 

8,667 64 

4,u64 00 

54,972 05 



Gross cash income, $319,657 42 



Expenditures. 

Cash paid for fire losses, $147,155 50 

Deduct salvage and reinsurance, . . . 9,012 76 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$138,142 74 
18,000 00 
60,242 64 
11,298 : 
5,485 68 
17,991 58 



Gross cash expenditures, $251,16" 71 



WHAT CHEER MUTUAL FIRE INSURANCE CO. 



407 



Risks and Premiums. 



Fire risks outstanding Dec. 81, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1901, . 
Deduct risks expired and terminated, 



. $27,789,522 00 
. 26,932,687 00 



.$54,722,209 00 
. 21,086,586 00 

. $33,635,623 00 
. 2,052,667 00 



Premiums. 

$301,446 81 
295,676 01 

$597,122 82 
226,216 03 

$370,906 79 
20,745 88 



.$31,582,956 00 $350,160 91 



$39,832 00 
39,832 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$322 99 
322 99 



$5,120,279 00 

3,092,943 00 

141,170 00 

1,007,500 00 

18,000 00 

51,500 00 



WHAT CHEER MUTUAL FIRE INSURANCE COMPANY, 
PROVIDENCE, R. I. 

[Incorporated May, 1873. Commenced business Jan. 1, 1874.] 
LEWIS T. DOWNES, President. JOSEPH T. DAY, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

100 shares Nat'l Bank of Commerce, Prov., . $5,000 00 $5,100 00 

70 " American Nat'l Bank, Providence, . 3,500 00 3,290 00 

100 " N'l Bank of No. America, Prov., . 5,000 00 4,600 00 

100 " Chic, St. Paul, Minn. & Omaha R'y, 10,000 00 18,500 00 

50 " Old Colony R.R. Co., . . . 5,000 00 10,500 00 

200 " Illinois Central R.R. Co., . . 20,000 00 21,300 00 

100 " Cleve. & Pitts. R.R. Co., . . . 5,000 00 9,750 00 

100 " N. Y., Lack. & Western R'y Co., . 10,000 00 13,600 00 

50 " Albany & Susquehanna R.R. Co., . 5,000 00 12,100 00 

294 " Pennsylvania R.R. Co., . . . 14,700 00 22,050 00 

200 " Rensselaer & Saratoga R.R. Co., . 20,000 00 43,300 00 

Kansas City Elevated R'y bonds, ... 12,000 00 10,680 00 

Lynn & Boston R.R. bonds, .... 10,000 00 11,400 00 

Steinway R'y Co. bonds, 5,000 00 5,800 00 



$130,200 00 $191,970 00 



408 



WHAT CHEER MUTUAL FIRE INSURANCE CO. 



Summary of Assets Dec 

Stocks and bonds, as per schedule, 
Cash loans, .... 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 



31, 1901. 

$ 191,970 00 

56,213 21 

4,017 47 

22,513 10 

1,663 95 

9,641 70 



1286,019 43 



Liabilities. 

Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, .... 



$938 87 

15,483 69 

145,103 77 

5,834 08 



167,360 41 



Net cash assets, £118,659 02 



Income. 

Premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash premiums received, .... 
Received for extra premiums, .... 
Interest and dividends received from all sources, 



f 5,625 11 
312,386 42 

$318,011 53 
9,641 70 

$308,369 83 
18,297 44 



£290,072 39 

1,631 36 

13,682 66 



Gross cash income, £305,386 41 



Expenditures. 

Cash paid for losses, 

Deduct salvage, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for inspection expenses, . 

for incidentals, .... 



£99,251 89 
102 21 



$99,149 68 
219,744 23 
10,854 00 
6,758 45 
1,317 00 
5,640 84 
4,5c<" 



Gross cash expenditures, £343,022 96 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



409 



Risks and Premiums. 

Amount. Cash Prem's. Contlng't Prem's. 

Risks outstanding Dec. 31, 1900, $35,756,424 00 $ 308,279 55 $1,541,397 75 
Risks written during 1901, . 36,836,304 00 312,386 42 1,561,932 10 



Total, $72,592,728 00 $620,665 97 $3,103,329 85 

Risks terminated during 1901, . 38,666,578 00 330,458 43 1,652,292 15 



In force at end of year, . .$33,926,150 00 $290,207 54 $1,451,037 70 

Miscellaneous. 

Losses incurred during the year, $113,868 00 

Profits or surplus returned during 1901, 70 per cent. 



"WILLIAMSBURGH CITY FIRE INSURANCE COMPANY," 

BROOKLYN, N. Y. 

[Incorporated March, 1853. Commenced business March, 1853.] 
Paid-up Capital, $250,000. 
MARSHALL S. DRIGGS, President. FRED'K H. WAY, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Richmond, Va., bonds, $13,500 00 $13,500 00 

Georgia bonds, 10,000 00 11,200 00 

Brooklyn Union Gas Co. of Brooklyn bonds, . 9,000 00 10,350 00 

New York city bonds, 92,500 00 96,950 00 

New i~ork & Hoboken Ferry Co., . . . 30,000 00 28,500 00 

American Malting Co. bonds, .... 21,000 00 19,740 00 

First National Bank of Brooklyn stock, . . 22,000 00 63,800 00 

Brooklyn Union Gas Co. of Brooklyn stock, . 50,000 00 100,000 00 

Kings County Trust Co. of Brooklyn stock, . 9,000 00 36,000 00 

Brooklyn City R.R. Co. of Brooklyn stock, . 10,500 00 24,360 00 

Union Ferry Co. of Brooklyn stock, . . 85,000 00 29,750 00 

Chicago, Mil. & St. Paul R.R. Co. stock, . . 30,000 00 49,200 00 

Consolidated Gas Co. of New York stock, . 100,000 00 210,000 00 

N. Y. & Hoboken Ferry Co. of N. J. stock, . 100,000 00 75,000 00 

Williamsburgh Trust Co. of New York stock, 18,000 00 36,000 00 

Pennsylvania R.R. Co. stock, .... 148,000 00 214,600 00 

The Commercial Cable Co. stock, . . . 20,000 00 30,000 00 

The Reading Co. stock, 20,000 00 16,400 00 

Hocking Valley R.R. Co. stock, . . . 40,000 00 30,400 00 

Illinois Central R.R. Co. stock, . . . 40,000 00 55,600 00 



Securities held as collateral for cash loans : — 

93 shares Williamsb'g Tr. Co., Brook., N. Y., 
72 " National Surety Co., New York, . 
50 " Nassau Oil Co., .... 



$868,500 00 $1,151,350 00 



Market Value. Loaned Thereon. 

$18,600 00 \ 
10,080 00 i $21,000 00 
3,000 00 ) 



410 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



100 shares United States Steel Co., . 

100 " New York & Hoboken Ferry Co., 



Market Value. Loaned Thereon. 

.300 00 |3,000 00 
7,500 00 1,000 00 



$43,480 00 $25,000 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 
Prems. more than three mos. due, $796 76 

Gross assets,f 

Deduct special deposits in other States, . 



Balance, 12,209,320 59 



31, 1901. 

|638,000 00 

253,450 00 

2,661 10 

1,151,350 00 

25,000 00 

1,197 09 

17,787 53 

7,213 66 

128,386 56 

6,446 68 

2,527 97 



$2,234,020 59 
24,700 00 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
State and local taxes, 
Commissions and brokerage, . 
Reinsurance, .... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 

Surplus over capital, . 



$19,448 79 
50,524 27 
12,054 57 

$82,027 63 
8,516 73 

$73,510 90 

690,786 99 

6,138 95 

23,134 07 

2,516 61 

10,471 87 

$806,559 39 
20,972 80 



785,586 59 

11,423,734 00 

250,000 00 

$1,173,734 00 



* Value of lands mortgaged $211,250 00 

Value of buildings thereon, 2-20,000 00 

Amount of insurance held as collateral 223,300 00 

t Including $2S0,000 special deposit held under New York law. 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



411 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, .... 

Net collected, . . . , 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 



Gross cash income, 



other 



Expenditures 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 



$ 102,853 20 
8,228 25 

$94,624 95 
990,020 99 

$1,084,645 94 
129,183 32 

$955,462 62 
167,412 23 



sources, 



$408,693 93 
26,062 50 



$788,050 39 

9,808 64 

48,390 65 

7,167 49 

$853,417 17 



$382,631 43 

61,996 00 

204,276 20 

76,800 54 

7,592 66 

50,076 24 

$783,373 07 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$149,320,684 00 $1,299,392 06 
. 99,511,510 00 990,020 99 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$248,832,194 00 $2,289,413 05 
. 88,774,746 00 849,635 72 



$160,057,448 00 $1,439,777 33 
. 9,511,010 00 98,894 94 



$150,546,438 00 $1,340,882 39 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (24 per cent.), 
Company's stock owned by directors, . 



$18,783,560 00 
9,631,848 00 
405,344 00 
1,782,500 00 
60,000 00 
48,150 00 



AGGREGATE. 



Capital Stock. 
Capital actually paid up in cash, . 
Scrip outstanding, 



Gross present assets, 



Assets. 



Liabilities. 



Gross present liabilities, 

Income. 
Cash actually received for fire premiums, . 
for marine and inland premiums, 
for interest and dividends from all sources, 
from all other sources, 

Gross cash income, 

Expenditures. 
Cash actually paid during the year for fire losses, 

for marine and inland losses, .... 
for dividends to stockholders, .... 
for dividends to policy holders (mutual companies) 

for redemption of scrip, 

for interest to scrip holders 

for brokerage and commission on premiums, . 
for salaries and pay of officers and employees, . 

for State and local taxes, 

for office, agency and incidental expenses, 

Gross cash expenditures, 

Miscellaneous. 
Whole amount of fire risks written during the year, . 
premiums charged or receivable thereon, 
marine and inland risks written during the year, 
premiums charged or receivable thereon, 
fire risks terminated during the year, 
marine and inland risks terminated, 
fire risks outstanding at end of year, 
marine and inland risks outstanding, 
cash dividends declared during the year, 
fire losses incurred during the year, 
marine losses incurred during the year, 



£48,102,875 
6,596,960 



1243,309,903 



1113,880,412 



$107,314,402 
8,017,772 
8,173,648 
1,380,708 



6124,886,530 



£59,334,621 
4,254,931 
5,9.o 

3,359,323 
1,027 
379,426 
22,318,759 
7,768,808 
3,234,860 
8,502,572 



$116,136,114 



613,529,866,059 

143,901,971 

2,031,338,525 

10,599,339 

11,871,804,650 

2,030,335,153 

16,248,106,443 

217,273,166 

5,895,086 

61,217. 

3.388,534 



UNITED STATES BRANCHES OF 

FOREIGN FIRE AND MARINE 
INSURANCE COMPANIES. 



Detailed Statement op Assets and Liabilities, with Abstract 

op Annual Statements, for the Year ending 

December 31, 1901. 



414 



AACHEN AND MUNICH FIRE INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



UNITED STATES BRANCH OF THE " AACHEN AND MUNICH FIRE 
INSURANCE COMPANY," AIX-LA-CHAPELLE, GERMANY. 

Deposit Capital, $200,000. 
JOSEPH A. KELSEY, United States Manager. 

Office, 46 Cedar Street, New York, N. Y. 



Detailed Statement of Bonds. 



United States bonds, 
Consol. stock of the city of N. Y. bonds, 
Atch., Topeka & Santa Fe R.R. bonds, 
Chic, Rock Island & Pacific R.R. bonds, 
Northern Pacific R.R. bonds, . 
Union Pacific R.R. bonds, . 



Par Value. 

1325,000 00 
184,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 



Market Value. 

$453,781 25 
182,160 00 
25,843 75 
26,812 50 
26,250 00 
26,187 50 



$609,000 00 $741,035 00 



Summary of Assets Dec. 31, 1901. 



Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross) , 
Notes taken for fire risks, 
Prem's more than three mos. due, $1,326 79 
Gross assets, 



$741,035 00 

57 71 

88,929 08 

920 00 

111,132 94 

1,230 41 



$943,305 14 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 
Due for bills receivable, . 



169,812 50 
8,486 96 
1,230 41 



79,529 87 



Balance, $863,775 27 



AACHEN AND MUNICH FIRE INSURANCE CO. 



415 






Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Return premiums, 

Reinsurance, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, 



Surplus over capital, 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Income from all other sources, 

Received from home office, 



Gross cash income, 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employ 
for State and local taxes, 
for incidentals, 

Remitted to home office 

Gross cash expenditures, . 



$34,216 63 
42,544 32 
12,632 51 

$89,393 46 
5,319 66 

$84,073 80 

397,143 91 

15,840 45 

6,878 91 

2,248 65 

$506,185 72 
14,522 92 



$114,558 88 
537 96 

$114,020 92 
812,450 11 

$926,471 03 
111,921 77 

$814,549 26 
208,959 25 



$4,485 00 



$394,475 00 
40,454 16 



ees, 



L,761 50 



$491,662 80 

$372,112 47 
200,000 00 

$172,112 47 



$605,590 01 

23,862 21 

35 76 



$629,487 98 



$354,020 84 

124,054 78 

75,823 60 

18,758 41 

43,496 30 

$616,153 93 



416 



ATLAS INSURANCE CO. LIMITED. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

. $60,028,814 00 $ 779,419 62 
. 60,673,400 00 812,450 11 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



$120,701,714 00 $1,591,869 73 
58,060,036 00 761,760 88 



Net amount in force, . 

Miscellaneous 
Fire losses incurred during the year, 



$62,641,678 00 $830,108 85 
5,319,455 00 71,883 57 



$57,322,223 00 $758,225 28 
. $384,065 00 



UNITED STATES BRANCH OF THE "ATLAS ASSURANCE 
COMPANY LIMITED," LONDON, ENGLAND. 

Deposit Capital, $200,000. 
J. M. NEUBURGER, United States Manager. 

Office, 315 Dearborn Street, Chicago, III. 



Detailed Statement of 

United States government bonds, . 
Pennsylvania R.R. Co. bonds, .... 
New York Cent. & Hudson R. R.R. Co. bonds, 
Boston & Maine R.R. Co. bonds, 
New York & Putnam R.R. Co. bonds, 

City of Louisville bonds, 

City of St. Louis bonds, 

Commonwealth of Mass. State highway loan, 
New York Cent. & Hudson R. R.R. Co. bonds, 
Chicago & Northwestern R.R. Co. bonds, 
Chic, Milwaukee & St. Paul R.R. Co. bonds, . 
Territorial bonds, New Mexico, 



Summary of Assets Dec 

Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 

Gross assets, 



Bonds. 

Par Value. 

$350,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
50,000 00 
15,000 00 
50,000 00 
70,000 00 
100,000 00 
100,000 00 
10,000 00 



Market Value. 

$378,000 00 
29,250 00 
25,000 00 
31,500 00 
26,250 00 
52,500 00 
16,800 00 
54,500 00 
77,000 00 
108,000 00 
101,000 00 
10,470 00 



$845,000 00 $910,270 00 

31, 1901. 

$910,270 00 

2,856 14 

26,720 83 

8,265 00 

154,135 55 

11 19 

$1,102,258 71 



ATLAS ASSURANCE CO. LIMITED. 



417 



Unadmitted. 



Special deposits in other States, 
Cash not in^control of trustees, 



$172,470 00 
19,576 97 



$192,046 97 



Balance, $910,211 74 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums, .... 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, .... 



Surplus over capital, 



$12,825 76 
54,710 55 
11,174 07 

$78,710 38 
5,750 56 

$72,959 82 

550,625 33 

1,575 02 

1,514 64 

27,760 04 

8,780 47 

4,876 68 

709 04 

,801 04 
47,602 96 



621,198 08 

$289,013 66 
200,000 00 

$89,013 66 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest and dividends received from all 
Income from all other sources, 

Gross cash income, 



$112,573 63 
453 04 

$112,120 59 
1,029,488 90 

$1,141,609 49 
154,135 55 

$987,473 94 
238,820 60 



sources, 



$748,653 34 

80,532 88 

128 94 

$779,315 16 



418 



THE BRITISH AMERICA ASSURANCE CO. 



Expenditures. 

Cash paid for fire losses, $505,324 80 

Deduct salvage and reinsurance, . . . 53,720 95 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, .... 
for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Deposits returned on perpetual fire risks, . $2,725 00 



Gross cash expenditures 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Perpetual risks in force (not incl'd above), 

Miscellaneous 
Fire losses incurred during the year, 



$106,137,038 00 

. 94,140,012 00 

$200,277,050 00 

. 99,552,544 00 

$100,724,506 00 

8,593,387 00 

$92,131,119 00 

$55,831 00 



$451,503 85 

149,123 06 

51,669 07 

19,081 56 

70,044 68 

$741,422 22 

Premiums. 

$1,181,239 20 
1,029,488 90 

$2,210,728 10 
1,047,660 99 

$1,163,067 11 
97,686 17 

$1,065,380 94 

$1,657 92 

$461,913 00 



UNITED STATES BRANCH OF "THE BRITISH AMERICA 
ASSURANCE COMPANY" TORONTO, CANADA. 
Deposit Capital, $2<*),000. 
FREDERICK B. CARPENTER. Attorneij. 

Office, 92 Water Street, Boston. 



Detailed Statement of 

City of New York stock, . 

United States bonds, . 

Georgia State bonds, 

City of London, Can., bonds, 

City of Winnipeg, Can , bonds, 

City of Kingston, Can., bonds, 

City of Richmond, Va., bonds, 

City of Toledo, O., bonds, 

City of Columbus, O., bonds, 

City of Riverside, Cal., bonds, 

City of Brooklyn, N. Y., bonds, 

City of Colorado Springs, Col., bonds, 



Stocks, Bonds, etc. 

Par Value. 

$170,000 00 
110,000 00 
10.000 00 
150,000 00 
20,000 00 
20,000 00 
26,300 00 
60,000 00 
50,000 00 
25,000 00 
30,000 00 
25,000 00 



Market Value. 
$178,704 00 

119,900 00 
11,650 00 

158,680 50 
21,894 00 
22,298 00 
28,344 07 
68,525 00 
53,750 00 
29,557 50 
82,346 00 
%187 50 



THE BRITISH AMERICA ASSURANCE CO. 



419 



N. Y. & West Shore R'y bonds, 
Canadian Northern R'y Co. land grant bonds, 
Missouri Pacific bonds, .... 
Rochester Electric R'y Co.'s bonds, . 
Toronto Electric Light Co.'s bonds, 
Central Canada L. & S. Co.'s debentures, 
Toronto Savings & Loan Co. debentures, 
Canada Permanent & Western Can. stock, 



Summary of Assets Dec. 
Loans on mortgage of real estate (first liens *), 
Stocks, bonds, etc., as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, ..... 



Par Value. 

|12,000 00 
45,000 00 
50,000 00 
25,000 00 
20,000 00 
60,000 00 
50,000 00 
8,940 00 



Market Value. 

|13,590 00 
45,000 00 
53,750 00 
27,500 00 
20,266 00 
60,000 00 
50,000 00 
10,996 20 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



Balance, 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



$967,240 00 $1,034,938 77 

31, 1901. 

$10,000 00 

1,034,938 77 

56,953 64 

6,558 32 

254,852 28 

$1,363,303 01 



$280,669 07 
8,588 90 



289,257 97 
$1,074,045 04 



$24,450 35 

47,305 72 

2,260 00 

788,042 83 
60,925 25 

$922,984 15 
122,637 74 



800,346 41 

$273,698 63 
200,000 00 

$73,698 63 



$178,347 82 
1,329,392 57 

$1,507,740 39 
218,748 53 

$1,288,991 86 
301,605 33 



$987,386 53 



* Value of property mortgaged, 



$50,000 00. 



420 



THE BRITISH AMERICA ASSURANCE CO. 



Marine premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



$52,780 56 
338,001 81 

f390,782 37 
36,103 75 

|354,678 62 
80,602 88 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash marine premiums received, 

Interest and dividends received from all sources, 

Gross cash income, 



Expenditures 

Cash paid for fire losses, $772,649 66 

Deduct salvage and reinsurance, . . . 62,864 99 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



$274,07 
42,142 63 

11,303,604 90 



Gross cash expenditures, . 

Risks and Pri 

Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 



$ 192,769 48 
20,895 98 



Total, 

Deduct risks expired and terminated, 

In force at end of vear, 



MS. 

$122,080,923 00 

. 105,065,650 00 

$227,146,573 00 

.107,116,794 00 

$120,029,779 00 

. 4,823,144 00 



$709,784 67 



171,873 50 

232,170 45 

64,196 73 

42,415 62 

85,678 70 

$1,306,119 67 



Premiums. 

$1,328,091 33 

1,329,392 57 

$2,657,4*3 90 

1,219,161 56 

$1,438,322 34 

60,029 39 



$115,206,635 00 $1,378,292 95 



. $1,970,938 00 
. 33,964,650 00 



.$35,935,588 00 
. 32,332,612 00 



$60,029 38 
338,001 81 

$398,031 19 
303,847 00 



. $3,602,976 00 $94,184 19 



Miscellaneous. 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 



$682,806 00 
163,936 00 



BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMITED). 421 



UNITED STATES BRANCH OF THE "BRITISH AND FOREIGN 
MARINE INSURANCE COMPANY (LIMITED)," LIVERPOOL, 

ENGLAND. 

Deposit Capital, $300,000. 

FRANK GAIR MACOMBER, Attorney. 

Office, 147 Milk Street, Boston. 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. 

Boston & Lowell R.R. bonds, .... $100,000 00 

Fitchburg R.R. bonds, 30,000 00 

Old Colony R.R. bonds, 50,000 00 

Boston, Clinton, Fitch. & N. Bed. R.R. bonds, . 2,000 00 

New England R.R. bonds, .... 50,000 00 

Boston & Maine R.R. bonds, .... 1,000 00 

Old Colony R.R. bonds 37,000 00 

Eastern R.R. bonds, ...... 22,839 80 

State of Massachusetts bonds, .... 12,000 00 

City of Brooklyn bonds, 42,000 00 

City of New York additional water stock, . 158,000 00 

United States bonds, 110,000 00 

Port of Portland bonds, 5,000 00 

City of Portland bonds, . . . . . 12,000 00 

Alleghany Valley R.R. bonds, .... 100,000 00 

Pennsylvania R.R. Co. bonds, .... 39,000 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 75,000 00 

Richmond city bonds, 50,000 00 

Lehigh Valley R.R. bonds, .... 35,000 00 

New York Cent. & Hudson R. R.R. deb. c't's, 50,000 00 

Pennsylvania R.R. bonds, 29,100 00 

Pittsburgh, Fort Wayne & Chicago R.R. stock, 50,000 00 

Cleveland & Pittsburgh R.R. stock, . . . 25,000 00 



Market Value. 

$102,000 00 

30,525 00 

55,125 00 

2,200 00 

67,000 00 

1,260 00 

40,300 00 

25,293 78 

13,080 00 

41,370 00 

161,760 00 

149,475 00 

5,975 00 

14,430 00 

121,250 00 

42,363 75 

86,062 50 

50,000 00 

37,712 50 

50,083 33 

30,700 50 

95,125 00 

47,854 17 



$1,084,939 80 $1,270,945 53 



Summary of Assets Dec 

Loans on mortgage of real estate (first liens), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Reinsurance due on losses paid, 
Prem's more than three mos. due, $23,951 15 
Gross assets, 



31, 1901. 

$27,500 00 

625 00 

1,270,945 53 

46,523 14 

14,888 55 

193,158 61 

86,713 12 



$1,590,353 95 



422 BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMITED). 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 
Reinsurance due on losses paid, 



$ 188,455 00 
46,523 14 
25,468 98 



$260,447 12 



Balance, $ 1,329,906 83 



Liabilities. 
Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, .... 



$195,229 64 
16,408 00 

£211,637 64 
80,562 77 

$131,074 87 

215,591 83 

23,879 12 

97,462 39 

84,175 07 

$552,183 28 
5,493 91 



Surplus over capital, 



$546,689 37 

$783,217 46 
300,000 00 

$483,217 46 



Income. 

Marine premiums outstanding Dec. 31, 1900, . $235,454 82 
Same not collected, 1,541 96 



Net collected, 

Premiums on risks written or renewed, . 



$233,912 86 
1,818,235 31 



Total, $2,052,148 17 

Premiums now in course of collection, . . 217,109 76 



Entire premiums collected, .... $1,835,038 41 
Less reinsurance and return premiums, . . 852,174 12 

Net cash marine premiums received, . . 

Interest and dividends received from all sources, . 
Received from home office, .... $165,663 50 



$982,S64 29 
48,505 38 



Gross cash income, 



. $1,031,369 67 



CALEDONIAN INSURANCE CO. 



423 



Expenditures. 

Cash paid for marine and inland losses, . . $829,385 56 
Deduct salvage and reinsurance, . . . 631,585 65 

Net cash paid for marine and inland losses, . 

Cash paid for commissions and brokerage, .... 

for salaries of officers and employees, . 

for State and local taxes, 

Remitted to home office, $745,090 36 



Gross cash expenditures, .... 

Risks and Premiums. 



Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . . ' . 
Deduct amount reinsured, 



. |26,557,720 00 
. 592,707,743 00 

$619,265,463 00 
. 592,843,392 00 

.|26,422,071 00 
. 6,816,359 00 



$197,799 91 

154,851 38 

59,674 55 

29,575 64 

$441,901 48 

Premiums. 

$282,127 06 
1,818,235 31 

$2,100,362 37 
1,797,921 55 

$302,440 82 
86,848 99 



Net amount in force, . 

Miscellaneous. 
Marine and inland losses incurred during the year, 



.$19,605,712 00 $215,591 83 



$171,508 00 



UNITED STATES BRANCH OF THE "CALEDONIAN INSURANCE 

COMPANY," EDINBURGH, SCOTLAND. 

Deposit Capital, $200,000. 

CHARLES H. POST, j ^ 
N. A. McNeil, S 

Office, 27-29 Pine Street, New York, N. Y. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States government bonds, . . . $300,000 00 $334,500 00 

New York city bonds, 200,000 00 211,000 00 

Penn. & N. Y. Canal & R.R. Co. bonds, . . 100,000 00 95,000 00 

Allentown Terminal R.R. Co. bonds, . . 50,000 00 51,000 00 

Richmond & Petersburg R.R. Co. bonds, . 50,000 00 56,000 00 

St. Paul, Minn. & Manitoba R.R. Co. bonds, . 50,000 00 51,500 00 

Lake Erie & Western R.R. Co. bonds, . . 50,000 00 61,250 00 

Chic, Milwaukee & St. Paul R.R. Co. bonds, . 50,000 00 58,500 00 

Phila., Wilmington & Bait. R.R. Co. bonds, . 50,000 00 54,500 00 

Long Island R.R. Co. bonds, .... 50,000 00 51,000 00 

Chic, Rock Island & Pacific R.R. Co. bonds, . 50,000 00 53,500 00 

Portland, Ore, water loan bonds, . . . 50,000 00 60,000 00 

State of Georgia bonds, 10,000 00 10,400 00 

Lehigh Valley Coal Co. bonds, . . . 25,000 00 27,000 00 



424 



CALEDONIAN INSURANCE CO. 



City of Richmond, Va., bonds, . 
Chic, Mil. & St. Paul R.R. Co. stock, 
Central Union Gas Co. of N. Y. bonds, . 
Broadway & Seventh Ave. R.R. Co. bonds, 
Brooklyn Union Gas Co. bonds, 



Par Value. 

?25,000 00 
60,000 00 

5,000 00 
10,000 00 

5,000 00 



Market Value. 

196,750 00 

112,800 00 
5,860 00 

11,800 00 
5,850 00 



fl,190,000 00 |1,338,200 0O 



Summary of Assets Dec. 31, 1901. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks. 
Reinsurance due on losses paid, 
Prem's more than three mos. due, . $8,331 97 
Gross assets, 



$281,315 67 

1,338,200 00 

518 48 

68,815 88 

12,120 80 

161,597 47 

694 73 

2,555 86 



fl,865,818 89 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 
Due for bills receivable, . 
Reinsurance due on losses paid, 



1208,650 00 

5,029 39 

694 73 

376 68 



214,750 80 



Balance, $1,651,068 09 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 
Contingent and miscellaneous, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, 



£125,248 97 
39,368 46 
16,969 86 

$181,587 29 
21,302 91 

f 160,284 38 

796,066 78 

37,182 63 

16,449 35 

6 69 

19,703 74 

£1,029,693 57 
33,885 66 



995,807 91 

$655,260 18 
200,000 00 

$455,260 18 



CALEDONIAN INSURANCE CO. 



425 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 
Profits on sale or maturity of securities, . 



. $173,096 48 
. 1,808,021 52 

. $1,981,118 00 
169,929 44 

. $1,811,188 56 
741,147 20 



$1,070,041 36 
58,086 17 
23,645 60 



Gross cash income, $1,151,773 13 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for commissions and brokerage, 



$1,022,476 19 
162,148 18 



for salaries of officers and employees, 

for State and local taxes, 

for rents, . . . . 

for incidentals, .... 

Gross cash expenditures, .... 



,328 01 

243,950 88 

89,192 62 

39,145 42 

8,241 33 

68,890 19 

. $1,309,748 45 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . $205,386,222 00 $2,080,820 45 
Fire risks written during 1901, . . . 170,240,347 00 1,808,021 52 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$375,626,569 00 $3,888,841 97 
.177,391,157 00 1,751,591 50 



$198,235,412 00 $2,137,250 47 
. 47,897,522 00 615,578 91 



$150,337,890 00 $1,521,671 56 



Miscellaneous. 
Fire losses incurred during the year, 



$908,147 00 



426 



COLOGNE REINSURANCE CO. 



UNITED STATES BRANCH OF THE "COLOGNE REINSURANCE 

COMPANY," COLOGNE, GERMAN Y. 

Deposit Capital, $200,000. 

E. M. CRAGIN, UniUd States Manager. 

Office, 56 Liberty Street, New York, N. Y. 



Detailed Statement of Bonds. 

Par Value. 

United States bonds, $159,000 00 

New York city bonds, 150,000 00 

Atchison, Topeka & Santa Fe R.R. bonds, . 30,000 00 

Central Pacific R'y Co. bonds, .... 68,000 00 

Chicago, Mil. & St. Paul R'y Co. bonds, . . 20,000 00 

Union Pacific R'y Co. bonds, .... 28,000 00 



$455,000 00 

Summary of Assets Dec. 31, 1901. 

Bonds, as per schedule, $530,496 00 

Cash deposited in bank, 236 62 

Premiums in course of collection (gross), . 55,928 59 

Gross assets, 

Unadmitted. 



Market Value. 

$221,606 00 
157,875 00 
30,900 00 
67,530 00 
23,325 00 
29,260 00 

$530,496 00 



$586,661 21 



236 62 



Cash not in control of trustees, 

Balance, 1586,424 59 

Liabilities. 



Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



.182 00 

322,864 32 

16,494 73 



345,541 05 

$240,883 54 
200,000 00 



Surplus over capital, $40,883 54 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, 



Total 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest and dividends received from all sources, 



196,447 76 
586,539 93 

$682,987 69 
55,928 59 

$627,059 10 
103,296 96 



$523,762 14 
18,630 00 



Gross cash income $542,392 14 



COMMERCIAL UNION ASSURANCE CO. (LIMITED). 427 



Expenditures, 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for commissions and brokerage, 

for State and local taxes, 

for incidentals, 
Remitted to home office, .... 



$297,609 10 
2,145 92 



$93,123 36 



$295,463 18 

153,501 41 

2,631 03 

428 40 



Gross cash expenditures, $452,024 02 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1900, . . $46,032,428 00 $393,643 89 
Fire risks written during 1901, . . . 70,034,252 00 586,539 93 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 



$116,066,680 00 $980,183 82 
. 50,419,752 00 415,452 47 



. $65,646,928 00 $564,731 35 



Miscellaneous. 
Fire losses incurred during the year, 



. $254,024 00 



UNITED STATES BRANCH OF THE "COMMERCIAL UNION 
ASSURANCE COMPANY (LIMITED)," LONDON, ENGLAND. 

Deposit Capital, $200,000. 

A. H. WRAY, Manager. 

Office, Corner Pine and William Streets, New York, N. T. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $410,000 00 $572,975 00 

Central of New Jersey R.R. bonds, . . . 50,000 00 65,500 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 100,000 00 115,562 50 

Chicago & Northwestern R.R. bonds, . . 120,000 00 145,537 50 

Chicago, Rock Island & Pacific R.R. bonds, . 60,000 00 75,600 00 

Cleve., Cin., Chicago & St. Louis R.R. bonds, . 50,000 00 49,500 00 

Indianapolis & Vincennes R.R. bonds, . . 65,000 00 75,400 00 

Lehigh Valley of N. Y. R.R. bonds, -. . 50,000 00 53,375 00 

Lehigh Valley Terminal R.R. bonds, . . 50,000 00 56,000 00 

Milwaukee, Lake Shore & West. R.R. bonds, . 25,000 00 34,125 00 



428 COMMERCIAL UNION ASSURANCE CO. (LIMITED). 



Western Pennsylvania R.R. bonds, . 

West Shore R.R. bonds, . 

Union Pacific R.R. bonds, 

New York & Long Branch R.R. bonds, 

Northern Pacific R.R. bonds, . 

New York city bonds, 

Pittsburg, Ft. Wayne & Chicago stock, 

Fire Underwriters' Salvage Association stock, 



Par Value. 

$50,000 00 
50,000 00 

100,000 00 
28,000 00 

100,000 00 

200,000 00 

15,000 00 

1,000 00 



Market Value. 

£66,000 00 
56,250 00 

106,750 00 
35,560 00 

104,250 00 

209,750 00 

29,250 00 

1,000 00 



$1,524,000 00 $1,842,385 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, .... 
Prem's more than three mos. due, $15,037 00 
Gross assets, 



31, 1901. 

$888,148 69 

232,500 00 

4,060 41 

1,842,385 00 

3,984 11 

381,073 53 

1,166 66 

574,159 24 

5,473 43 

7,701 48 



$3,940,652 55 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 
Due for bills receivable, . 
Underwriters' salvage stock, . 



$293,475 00 

79,172 51 

5,473 43 

1,000 00 



379,120 94 



Balance, $3,561,531 61 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 



$116,720 00 

289,770 00 

28,500 00 

$434,990 00 
33,375 00 

$401,615 00 

2,214,216 99 

100,205 62 

78.587 33 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



6123,000 00 

00 00 

•214,500 00 



COMMERCIAL UNION ASSURANCE CO. (LIMITED). 429 



Return premiums, .... 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Paid-up capital, .... 



$3,450 15 
28,309 59 
10,611 04 

$2,836,995 72 
38,050 00 



$2,798,945 72 

$762,585 89 
200,000 00 



Surplus over capital, $562,585 89 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



Total 

Premiums now in course of collection, . 

Entire premiums collected, . 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1900, . 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, . 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Deposits received for perpetual fire risks, 



$485,832 12 
3,777,479 04 

$4,263,311 16 

582,421 52 

$3,680,889 64 
975,270 36 

$4,303 09 
123,880 41 

$128,183 50 
6,774 72 

$121,408 78 
10,351 81 



sources, . 

$1,486 28 



$2,705,619 28 



111,056 97 

11,264 26 

71,750 00 

21,283 24 



Gross cash income, $2,920,973 75 



Expenditures 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$1,936,846 01 
119,943 81 

$44,821 30 



6,9 



32 77 



$1,816,902 20 



37,888 53 
556,056 82 
138,897 29 

80,659 87 
159,157 36 

$2,789,562 07 



430 



HAMBURG-BREMEN FIRE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, .... 

Perpetual risks in force (not incl'd above), 

Marine risks outstanding Dec. 31, 1900, 
Marine risks written during 1901, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$429,734,889 00 

. 353,263,746 00 

$782,998,635 00 

. 341,583,484 00 

$441,415,151 00 

. 32,217,223 00 

$409,197,928 00 

$5,323,163 00 

$809,096 00 

30,598,175 00 



Miscellaneous. 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 



$31,407,271 00 
29,783,480 00 



$1,623,791 00 
7,500 00 



Premiums. 

$4,080,123 03 
3,777,479 04 

$7,857,602 07 
3,444,072 81 

$4,413,529 26 
270,126 05 

$4,143,403 21 

$111,339 58 

$36,212 66 
123,880 41 

$160,093 07 
89,610 80 

$70,482 27 
432 50 



$1,616,291 00 $70,049 77 



. $1,873,668 00 
61,089 00 



UNITED STATES BRANCH OF THE " HAMBURG-BREMEN FIRE 
INSURANCE COMPANY," HAMBURG, GERMANY. 

Deposit Capital, $300,000. 

F. O. AFFELD, Resident Manager. 

Office, 22 Pine Street, New York, N. Y. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $100,000 00 $109,000 00 

Georgia State bonds, 10,000 00 11,600 00 

New York city additional water stock, . . 130,000 00 130,325 00 

New York city school house bonds, . . . 100,000 00 100,000 00 

Portland city, Ore., bonds 50,000 00 57,500 00 

Providence city, R. I., bonds 25,000 00 28,375 00 

Richmond city, Va., bonds, .... 27,500 00 31,200 00 



HAMBURG-BREMEN FIRE INSURANCE CO. 



431 



St. Louis city, Mo , bonds, 

Edison Electric Illuminating Co. of N. Y. b'ds, 

Atch., Topeka & Santa Fe R.R bonds, 

Baltimore & Ohio R.R. bonds, . 

Beech Creek R.R. bonds, . 

Central of Georgia R.R. bonds, 

Central R.R. Co. of New Jersey bonds, 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Cincin , Ind., St. Louis & Chicago R.R. bonds 

Denver & Rio Grande R.R. bonds, ■ . 

East Tennesee, Virginia & Georgia R.R. bonds 

Illinois Central R.R. bonds, 

Lake Erie & Western R.R. bonds, . 

Long Island R.R. bonds, . 

Louisville & Nashville R.R. bonds, . 

Milwau., Lake Shore & West. R.R. Co. bonds 

Missouri, Kansas & Texas R.R. bonds, . 

New York, Chicago & St. Louis R.R. bonds, 

New York, Lake Erie & Western R.R. bonds 

Northern Pacific R.R. bonds, . 

Oregon Railway & Navigation Co. bonds, 

Pennsylvania Co. bonds, .... 

Pennsylvania R.R. bonds, .... 

Pittsburg, Cin., Chic. & St. Louis R.R. bonds, 

St. Louis & San Francisco R.R. bonds, 

St. Paul, Minneapolis & Manitoba R.R. bonds 

Scioto Valley & New England R.R. bonds, 

Union Pacific R.R. bonds, .... 

Wabash R,R. bonds, 



Par Value. 

$25,000 00 
20,000 00 
10,000 00 
30,000 00 
20,000 00 
30,000 00 
30,000 00 
50,000 00 
30,000 00 
25,000 00 
25,000 00 
50,000 00 
30,000 00 
30,000 00 
30,000 00 
10,000 00 
20,000 00 
30,000 00 
25,000 00 
30,000 00 
15,000 00 
30,000 00 
25,000 00 
80,000 00 
15,000 00 
30,000 00 
80,000 00 
80,000 00 
80,000 00 



Market Value. 

$25,406 25 
21,450 00 
10,337 50 
29,062 50 
22,200 00 
36,075 00 
40,200 00 
58,500 00 
31,500 00 
25,750 00 
30,000 00 
52,000 00 
36,750 00 
36,750 00 
33,900 00 
12,675 00 
19,525 00 
32,100 00 
35,000 00 
31,500 00 
15,300 00 
34,200 00 
29,400 00 
34,500 00 
17,306 25 
34,612 50 
30,450 00 
32,100 00 
85,475 00 



Securities held as collateral for cash loans 



Chesapeake & Ohio R.R. Co. bonds, 
Chicago & Alton Railway Co. bonds, 
Rochester & Pittsburg R.R. Co. bonds, 
Baltimore & Ohio R.R. Co. bonds, . 



$1,227,500 00 $1,352,025 00 



Market Value. Loaned Thereon. 

$5,650 00 \ 



15,450 00 



6,350 00 i 
14,531 25 ) 



}. $30,000 00 



$41,981 25 |30,000 00 



Summary of Assets Dec. 31, 1901. 
Stocks and bonds, as per schedule, . . $1,352,025 00 



Loans on collateral security, as per schedule, 
Cash deposited in bank, . . . 
Premiums in course of collection (gross), 
Gross assets, 



30,000 00 

83,214 90 

129,756 48 



$1,594,996 38 



432 



HAMBURG-BREMEN FIRE INSURANCE CO. 



Unadmitted. 
Special deposits in other States, 
Cash not in control of trustees, 
Collateral loans not in control of trustees, 



Balance, 



Liabilities. 



Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions, brokerage, etc 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$ 100,300 00 
13,214 90 
30,000 00 



$143,514 90 
fl,451,481 48 



$14,665 00 
72,170 00 
20,100 00 

$106,935 00 
5,550 00 

£101,385 00 

1,103,656 80 

35,271 18 

$1,240,312 98 
60,724 06 



1,179,588 92 

1271,892 56 
200,000 00 

$71,892 56 



Income. 

Fire premiums outstanding Dec. 31, 1900, . $128,894 94 

Premiums on risks written or renewed, . . 1,769,302 48 

Total, $1,898,197 42 

Premiums now in course of collection, . . 129,756 48 



Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash fire premiums received, . • . 
Interest and dividends received from all sources, 



. $1,768,440 94 
333,577 42 



$1,434,863 52 
51,813 91 



Gross cash income, $1,486,677 43 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$955,317 06 
55,991 93 



$899,325 13 

270,435 66 

121,238 90 

39,551 45 

88,396 12 

$1,418,947 26 



THE IMPERIAL INSURANCE CO. (LIMITED). 



433 



Risks and Premiums. 



Fire risks outstanding Dec. 81, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



|163,024,565 00 
. 139,899,505 00 

$302,924,070 00 
. 125,222,358 00 

$ 177,701,712 00 
. 6,812,373 00 



Premiums. 

$1,984,783 65 

1,769,302 48 

$3,754,086 13 

1,574,241 51 

$2,179,844 62 

83,348 51 



$170,889,339 00 $2,096,496 11 



Miscellaneous. 
Fire losses incurred during the year, 



$937,760 00 



UNITED STATES BRANCH OF "THE IMPERIAL INSURANCE 
COMPANY (LIMITED)," LONDON, ENGLAND. 

Deposit Capital, $200,000. 

THOS. D. BELFIELD, General Attorney. 

Office, 33 Pine Street, New York, N. Y. 



Detailed Statement 

United States bonds, .... 
New York city school house bonds, 
City of Boston court house loan, 
West Shore R.R. Co. bonds, 
West Virginia State certificates, 
County of Essex, N. J., park bonds, 
Lehigh Valley R.R. Co. bonds, 
City of Providence water loan, 
City of Boston public park loan, 
City of New York, Harlem River Bridge 
Hudson County, N. J., bonds, . 
Illinois Central R.R. Co. bonds, 



of Bonds, etc. 

Par Value. 

$466,000 00 
50,000 00 
50,000 00 
50,000 00 
28,666 67 
100,000 00 
40,000 00 
50,000 00 
50,000 00 
loan, 60,0C0 00 

50,000 00 
50,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, 1 .... 



Market Value. 

$521,337 50 

49,500 00 

52,000 00 

55,500 00 

1,720 00 

106,500 00 

42,700 00 

52,000 00 

51,750 00 

59,100 00 

57,000 00 

50,125 00 



$1,044,666 67 $1,099,232 50 

31, 1901. 

$476,634 70 

1,099,232 50 

1,039 30 

61,299 02 

7,866 66 



434 



THE IMPERIAL INSURANCE CO. (LIMITED). 



Premiums in course of collection (gross), . 8189,032 39 

Rents due and accrued, 1,542 49 

Prem's more than three mos. due, $11,917 48 

Gross assets, $1,836,647 06 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



$257,312 50 
62,338 32 



319,650 82 



Balance, f 1,516,996 24 

Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



risks 



$44,754 36 
63,114 90 
17,705 00 

$125,573 56 
6,398 24 

$119,175 32 

891,555 09 

41,021 44 

510 52 

$1,052,262 37 
93,268 80 



958,993 57 



$558,002 67 



Surplus as regards policy holders, .... 
Deposit capital 200,000 00 

Surplus over capital, 



$358,002 67 



Income. 

Fire premiums outstanding Dec. 31, 1900, . 8226,565 50 
Premiums on risks written or renewed, . . 1,580,303 67 

Total, $1,806,869 17 

Premiums now in course of collection, . . 200,949 87 

Entire premiums collected, .... $1,605,919 30 
Less reinsurance and return premiums, . . 425,153 59 

Net cash fire premiums received, . . . $1,180,765 71 

Interest and dividends received from all sources, . . . 39,211 

Income from rents, 26,609 07 

Received from home office, .... 8153,273 86 



Gross cash income, 



. $1,246,586 61 



LAW, UNION AND CROWN INSURANCE CO. 



435 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . . - 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for expenses on real estate, 

for incidentals, .... 

Remitted to home 'office, 

Gross cash expenditures, .... 



$934,193 74 
83,111 90 



$91,104 50 



$851,081 84 
231,245 13 
92,322 31 
43,022 86 
26,169 13 
86,938 17 



. $1,330,779 44 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$ 185,103,935 00 $2,009,437 87 
. 128,706,551 00 1,580,303 67 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$313,810,486 00 $3,589,741 54 
. 141,609,893 00 1,678,422 39 



$172,200,593 00 $1,911,319 15 
. 12,833,254 00 172,933 56 



$159,367,339 00 $r,7 38,385 59 



Miscellaneous. 
Fire losses incurred during the year, 



. $858,646 00 



UNITED STATES BRANCH OF THE "LAW, UNION AND CROWN 
INSURANCE COMPANY," LONDON, ENGLAND. 

Deposit Capital, $200,000. 
HALL & HENSHAW, United States Managers. 

Office, 35 Pine Street, New York City. 



Detailed Statement of Bonds. 

Par Value. Market Value. 

United States bonds $250,000 00 $348,750 00 

New York city bonds, 189,000 00 198,450 00 

Illinois Central R.R. bonds, .... 20,000 00 21,100 00 

Standard Gas Light Co. bonds, . . . 20,000 00 23,300 00 

Pitts , Cin., Chicago & St. Louis R.R. bonds, . 35,000 00 40,250 00 



$514,000 00 $631,850 00 



436 



LAW, UNION AND CROWN INSURANCE CO. 



Summary of Assets Dec. 31, 1901. 



Bonds, as per schedule, .... 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Prem's more than three mos. due, $155 00 
Gross assets, 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



$631,850 00 

34,969 54 

3,517 45 

44,589 58 



$69,750 X)0 
34,969 54 



$714,926 57 



104,719 54 



Balance, $610,207 03 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, 



Surplus over capital, 



$20,844 65 

60,408 58 

426 09 

$81,679 32 
15,716 94 

$65,962 38 

208,884 57 

11,260 52 

1,168 82 

$287,276 29 
5,767 00 



281,509 29 

$328,697 74 
200,C00 00 

$128,697 74 



Income. 

Fire premiums outstanding Dec. 31, 1900, 
Premiums on risks written or renewed, . 



$50,169 88 
492,672 71 



Total, $542,842 59 

Premiums now in course of collection, . . 44,744 58 



Entire premiums collected, .... $498,098 01 
Less reinsurance and return premiums, . . 174,652 54 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 
Received from home office, .... $30,000 00 



$323,445 47 
20,083 05 



Gross cash income, $343,5. v 






LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 437 



Expenditures. 

Cash paid for fire losses, $ 290,099 84 

Deduct salvage and reinsurance, . . . 73,138 72 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, .... 

for salaries of officers and employees, . 

for State and local taxes, 

for incidentals, 

Remitted to home office, $30,412 56 



Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $45,164,146 00 
. 45,187,471 00 



§90,351,617 00 
49,389,482 00 

§40,962,135 00 
4,907,874 00 



$216,961 12 

79,502 01 

7,838 07 

10,052 17 

7,269 54 

$321,622 91 



Premiums. 

§493,102 32 
492,672 71 

$985,775 03 
527,281 35 

$458,493 68 
56,987 85 



.$36,054,261 00 $401,505 83 



Miscellaneous. 
Fire losses incurred during the year, 



$229,144 00 



UNITED STATES BRANCH OF THE "LIVERPOOL AND LONDON 
AND GLOBE INSURANCE COMPANY," LIVERPOOL, ENGLAND. 

Deposit Capital, $200,000. 
HENRY W. EATON, Resident Manager. 

Office, 45 William Street, New York, N. Y. 



Detailed Statement of 

United States bonds, . 

State of New York bonds, 

City of Richmond bonds, . 

City of Boston bonds, 

Bernalillo Co , New Mexico, bonds, 

Socorro Co., New Mexico, bonds, 

City of New York bonds, . 

Atchison, Topeka & Santa Fe R.R. bonds 

Northern Pacific R.R. bonds, . 

Union Pacific R'y bonds, . 

St. Louis, Iron Mt. & Southern R'y bonds, 



Bonds. 

Par Value. 

$1,235,000 00 

100,000 00 

5,000 00 

180,000 00 

5,000 00 

5,000 00 

775,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 



Market Value. 

,725,912 50 

106,000 00 

6,600 00 

194,850 00 

5,558 38 

5,300 00 

846,500 00 

103,375 00 

105,000 00 

106,750 00 

117,500 00 



S2,705,000 00 $3,323,345 88 



438 LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 



Summary of Assets Dec. 31, 1901 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Bonds, as per schedule, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 

Miscellaneous, 

Prem's more than three mos. due, $24,195 55 
Gross assets, 



$1,865,833 00 

3,009,050 00 

35,659 77 

3,323,345 88 

2,725 10 

927,278 25 

1,141,385 12 

10,000 00 

1,113 90 



-?10,316,391 02 



Unadmitted. 

Special deposits in other States, . . . |297,345 88 

Cash not in control of trustees, . . . 165,258 54 

Real estate not in control of trustees, . . 553,285 00 

Miscellaneous, 1,113 90 



1,017,003 32 



Balance, $9,299,387 70 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Reserve on life policies, . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 
Miscellaneous, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Deposit capital, .... 



Surplus over capital, 



$6,978 39 

720,000 80 

72,025 00 

$799,004 19 
216,090 15 

$582,914 04 

4,303,786 22 

315,914 19 

81,303 88 

178,875 52 

233,480 66 

14,570 94 

20,000 00 

*5,730,845 45 
229,299 40 



5,501,546 05 

. $3,797,841 Q5 
200,000 00 



. $3,597,841 65 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$2,S65,950 00 
2,S'29,653 00 
2,795,000 00 



LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 439 



Income 

Fire premiums outstanding Dec. 31, 1900, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 



Entire premiums collected, . . . . $8,080,449 87 

Less reinsurance and return premiums, . . 2,578,033 36 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Income from rents, 

Deposits received for perpetual fire risks, . $6,039 35 



$1,046,168 70 

2,887 69 

81,043,281 01 

8,199,861 84 

$9,243,142 85 

1,162,692 98 



1,502,416 51 

131,456 72 

90,546 92 

96,447 53 



Gross cash income, $5,820,867 68 



Expenditures. 

Cash paid for fire losses, $4,377,085 15 

Deduct salvage and reinsurance, . . . 607,536 48 

Net cash paid for fire losses, .... $3,769,548 67 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Deposits returned on perpetual fire risks, 

Gross cash expenditures, .... 



924,924 72 
344,880 35 
153,245 81 
359,324 16 



5,295 38 



. $5,551,923 71 



Fire risks outstanding Dec. 31, 1900, 
Fire risks written during 1901, 



Risks and Premiums. 

Premiums. 

$994,399,602 00 $8,491,140 64 
854,656,804 00 8,199,861 84 



Total, 

Deduct risks expired and terminated, 

Li force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 
Perpetual risks in force (not incl'd above), 



$1,849,056,406 00 $16,691,002 48 
783,986,087 00 7,130,981 17 



$1,065,070,319 00 $9,560,021 31 
153,542,005 00 1,462,761 70 



$911,528,314 00 $8,097,259 61 
. $9,857,045 00 $332,541 00 



Miscellaneous. 
Fire losses incurred during the year, 



. $3,841,389 00 



440 



LONDON ASSURANCE CORPORATION. 



UNITED STATES BRANCH OF THE "LONDON ASSURANCE 
CORPORATION," LONDON. 

[FIRE BRANCH.] 
Deposit Capital, $200,000. 
CHAS. L. CASE, Resident Manager. 

Office, 44 Pine Street, New York, N. Y. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

United States bonds, $ 470,000 00 1523,493 74 

Baltimore & Ohio R.R. bonds, .... 22,000 00 22,687 50 

Baltimore & Ohio R R. stock, .... 2,000 00 1,900 00 

Brooklyn Union Gas Co. bonds, . . . 30,000 00 35,100 00 

Carthage, Watert'n & Sacketts H. R.R. bonds, 50,000 00 59,000 00 

Central R.R. of New Jersey bonds, . . .